SHIP - Seanergy Maritime: Proposed Spin-Off Likely To Result In Substantial Windfall Profits For Shareholders

• Discussing proposed spin-off of United Maritime Corporation.
• Transaction is based on the successful blueprints provided by Imperial Petroleum and OceanPal.
• Given United Maritime's tiny initial share count of just 1.5 million common shares, momentum traders are likely to chase the shares right out of the gate.
• A momentum rally similar to the one experienced by OceanPal following its spin-off from Diana Shipping in November could result in substantial one-time gains for Seanergy shareholders.
• Given the large discount to net asset value, decent dividend yield, still robust near- and medium-term business prospects, and potentially substantial windfall profits for common shareholders from the proposed United Maritime spin-off, I remain positive on Seanergy Maritime.

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