TOP Ships Announces Management Estimate of Net Asset Value of $285 Million, Net Asset Value per Share of $14.02 and Diluted Net Asset Value per Share of $4.97
04 Agosto 2023 - 1:00PM
TOP Ships Inc. (the “Company” or “Top Ships”) (NASDAQ:TOPS), an
international owner and operator of modern, fuel efficient “ECO”
tanker vessels, announced today that following the release of the
Company’s financial results for the period ended June 30, 2023 the
management estimates the company’s Net Asset Value (“NAV”), as of
June 30, 2023 to be $285.3 million.
This translates into an NAV of $14.02 per common
share (based on number of common shares currently outstanding) and
$4.97 per common share on a fully diluted basis (assuming exercise
of all outstanding warrants for cash and conversion of all
outstanding Series E perpetual preferred shares at their current
conversion price).
About TOP Ships Inc.
TOP Ships Inc. is an international owner and
operator of modern, fuel efficient eco tanker vessels focusing on
the transportation of crude oil, petroleum products (clean and
dirty) and bulk liquid chemicals.
For more information about TOP Ships Inc., visit
its website: www.topships.org.
Forward-Looking Statements
Matters discussed in this press release may
constitute forward-looking statements. The Private Securities
Litigation Reform Act of 1995 provides safe harbor protections for
forward-looking statements in order to encourage companies to
provide prospective information about their business.
Forward-looking statements include statements concerning plans,
objectives, goals, strategies, future events or performance, and
underlying assumptions and other statements, which are other than
statements of historical facts.
The Company desires to take advantage of the
safe harbor provisions of the Private Securities Litigation Reform
Act of 1995 and is including this cautionary statement in
connection with this safe harbor legislation. The words “believe,”
“anticipate,” “intends,” “estimate,” “forecast,” “project,” “plan,”
“potential,” “may,” “should,” “expect” “pending” and similar
expressions identify forward-looking statements. The
forward-looking statements in this press release are based upon
various assumptions, many of which are based, in turn, upon further
assumptions, including without limitation, our management's
examination of historical operating trends, data contained in our
records and other data available from third parties. Although we
believe that these assumptions were reasonable when made, because
these assumptions are inherently subject to significant
uncertainties and contingencies which are difficult or impossible
to predict and are beyond our control, we cannot assure you that we
will achieve or accomplish these expectations, beliefs or
projections.
For further information please contact:
Alexandros TsirikosChief Financial OfficerTOP Ships Inc.Tel: +30
210 812 8107Email: atsirikos@topships.org
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