2023-03-08 11:54:33 ET
- Ship-owner and operator TOP Ships ( NASDAQ: TOPS ) said Wednesday said the company's net asset value is expected to be $286 million.
- The company said the NAV translates to $14.05 per common share based on number of common shares currently outstanding, and $5.27 per common share on a fully diluted basis.
- The company's said it calculated NAV based on charter free vessel values, debt and cash as of December 31, 2022 as adjusted for the equity offering that priced on February 14, 2023.
- The company also said it has 3,834,082 Series F perpetual preferred shares outstanding as of March 8.
- Press Release .
-
Shares +34% at $1.09.
For further details see:
Top Ships estimates its NAV at $286M