United Maritime sells its oldest Capesize and extends its share repurchase plan
Source: SeekingAlpha
2025-01-28 09:12:08 ET
- United Maritime Corporation ( NASDAQ: USEA ) said on Tuesday that it has entered into a definitive agreement with an unaffiliated third party for the sale of its oldest Capesize vessel.
- The company’s board has also authorized the extension of its existing $3M share repurchase plan.
- The company has entered into a definitive agreement with an unaffiliated third party for the sale of its 171,314 dwt Capesize vessel, M/V Gloriuship, built in 2004.
- The vessel is expected to be delivered to its new owners by mid-July 2025. The aggregate net sale price is approximately $15M.
- United Maritime Corporation ( USEA ) shares were up more than 3% in premarket trading.
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United Maritime sells its oldest Capesize and extends its share repurchase plan
United Maritime Corporation
NASDAQ: USEA
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