ATHENS, Greece, March 23, 2020 -- TOP Ships Inc. (the “Company”), an international owner and operator of modern, fuel efficient "ECO" tanker vessels, announced today that its.

ATHENS, Greece, Feb. 06, 2020 -- TOP Ships Inc. (the “Company”), an international owner and operator of modern, fuel efficient "ECO" tanker vessels, announced today that it has.

ATHENS, Greece, April 13, 2020 -- TOP Ships Inc. (the “Company”), an international owner and operator of modern, fuel efficient "ECO" tanker vessels, announced today that its.

TOP Ships Inc. (the “Company”), an international owner and operator of modern, fuel efficient "ECO" tanker vessels, announced today that its 50% subsidiary, City of Athens Pte., concluded the previously announced sale of its 100% owned vessel, M/T Holmby Hills, and that the cash release to the Company amounts to $10.2 million. Furthermore the Company expects to conclude the sale of its second 50% owned vessel (also previously announced) within the second week of April and depending on the exact date that the sale takes place and on prevailing USD Swap rates at the time of closing, the Company estimates that the cash release from that sale will also result in a cash release of about $10 million. The Company also announced that on March 27, 2020 the Equity Distribution Agreement with Maxim Group LLC (the “ATM”) that the Company entered into on March 11, 2020 was completed.

Shares of TOP Ships Inc. plunged 25% in active premarket trading Friday, after the Greece-based operator of tanker ships disclosed that an direct offering of 59.4 million common shares priced at 13.5 cents a share. The pricing represented a 29% discount to Thursday's closing price of 19.05 cents. Trading volume was 17.4 million shares ahead of the open. The company said the gross proceeds from the offering was $8.0 million. The stock has plunged 70.3% over the past three months through Thursday, while the S&P 500 has lost 15.6%.

TOP Ships Inc. (TOPS), an international ship-owning company (the “Company”), announced today that it has received written notification from The Nasdaq Stock Market (“Nasdaq”) dated December 26, 2019, indicating that because the closing bid price of the Company's common stock for the last 30 consecutive business days was below $1.00 per share, the Company no longer meets the minimum bid price requirement for the Nasdaq Capital Market, set forth in Nasdaq Listing Rule 5450(a)(1). Pursuant to the Nasdaq Listing Rules, the applicable grace period to regain compliance is 180 days, or until June 23, 2020.

ATHENS, Greece, Feb. 25, 2020 -- TOP Ships Inc. (the “Company”), an international owner and operator of modern, fuel efficient "ECO" tanker vessels, announced today that its.

TOP Ships Inc. (the “Company”) (TOPS) announced today that it has entered into a placement agency agreement with Maxim Group LLC relating to the sale of the Company’s securities (the “Placement Agency Agreement”). Pursuant to the Placement Agency Agreement, the Company entered into a securities purchase agreement with certain institutional investors in connection with a registered direct offering of an aggregate of 33,333,333 common shares at a public offering price of $0.18 per share (the “Registered Offering”).

TOP Ships Inc. (the “Company”), an international owner and operator of modern, fuel efficient "ECO" tanker vessels, announced today that it has acquired from a company affiliated with the Company’s Chief Executive Officer (the “Seller”) a 50% interest in two vessel owning companies (the “SPCs”) that own two ultra-high specification scrubber-fitted 50,000 dwt eco MR product tankers, M/T Eco Yosemite Park and M/T Eco Joshua Park for $27 million. The acquisitions were approved by a special committee composed of independent members of the Company's board of directors, (the “Transaction Committee”). The Transaction Committee obtained a fairness opinion relating to the consideration paid in this transaction from an independent financial advisor.

ATHENS, Greece, Jan. 03, 2020 -- TOP Ships Inc. (the “Company”), an international owner and operator of modern, fuel efficient "ECO" tanker vessels, announced today that it has.

TOP Ships Inc. (the “Company”) (TOPS) announced today that it has entered into a placement agency agreement with Maxim Group LLC relating to the sale of the Company’s common shares (the “Placement Agency Agreement”). Pursuant to the Placement Agency Agreement, the Company entered into a securities purchase agreement with certain institutional investors in connection with a registered direct offering of an aggregate of 35,000,000 common shares at a public offering price of $0.186 per share (the “Registered Offering”).

Shares of TOP Ships Inc. were cut in half on very heavy volume in morning trading Tuesday, after the Greece-based tanker vessel operator announced before the open the pricing of a large stock offering at a substantial discount. The stock fell 50.5% as trading volume ballooned to 120.8 million shares, already well above the full-day average of 29.5 million shares, and enough to make the stock the most actively traded on major U.S. exchanges. The company said a registered direct offering of 40 million shares priced at 20 cents a share. The stock had closed Monday at 54 cents, and the company had about 25 million shares outstanding, according to FactSet data. The stock offering comes after the stock rocketed nearly 7-fold (up 575%) over the past two days; the company said Monday that its 50% subsidiary, City of Athens Pte., concluded the previously announced sale of its M/T Holmby Hills vessel, with the cash release to the company amounting to $10.2 million. The stock has lost 66.6% over the past three months, while the S&P 500 has dropped 18.4%.

ATHENS, Greece, Feb. 10, 2020 -- TOP Ships Inc. (the “Company”), an international owner and operator of modern, fuel efficient "ECO" tanker vessels, announced today that it.

TOP Ships Inc. (the “Company”) (TOPS) announced today that it has entered into a placement agency agreement with Maxim Group LLC relating to the sale of the Company’s common shares (the “Placement Agency Agreement”). Pursuant to the Placement Agency Agreement, the Company entered into a securities purchase agreement with certain institutional investors in connection with a registered direct offering of an aggregate of 51,700,000 common shares at a public offering price of $0.135 per share (the “Registered Offering”).

TOP Ships Inc. (the “Company”), an international owner and operator of modern, fuel efficient "ECO" tanker vessels, announced today that its 50% subsidiaries which own M/T Holmby Hills and M/T Palm Springs entered into agreements to sell both vessels to unaffiliated third parties. Depending on when the closing of the sales take place and on prevailing USD Swap rates at the time of closing, the Company estimates that it will incur impairment charges ranging from $1.5 million to $3.5 million due to these sales (or losses per share ranging from $0.51 to $1.20) that will affect the year ended 2019 financial results and also estimates the cash release to the Company to range from $19 million to $21 million. TOP Ships Inc. is an international ship-owning company.

TOP Ships Inc. (the “Company”) (TOPS) announced today that it has entered into a placement agency agreement with Maxim Group LLC relating to the sale of the Company’s common shares (the “Placement Agency Agreement”). Pursuant to the Placement Agency Agreement, the Company entered into a securities purchase agreement with certain institutional investors in connection with a registered direct offering of an aggregate of 29,500,000 common shares at a public offering price of $0.186 per share (the “Registered Offering”).

TOP Ships Inc. (the “Company”) (TOPS) announced today that it has entered into a placement agent agreement with Maxim Group LLC relating to the sale of the Company’s securities (the “Placement Agent Agreement”). Pursuant to the Placement Agent Agreement, the Company entered into a securities purchase agreement with certain institutional investors in connection with a registered direct offering of an aggregate of 40,000,000 common shares at a public offering price of $0.20 per share in a registered direct offering priced at-the-market under Nasdaq rules (the “Registered Offering”).

TOP Ships Inc. (the “Company”), an international owner and operator of modern, fuel efficient "ECO" tanker vessels, announced today that it has received written notification from The Nasdaq Stock Market (“Nasdaq”) dated April 17, 2020, granting an extension to the grace period for regaining compliance with the minimum $1.00 per share bid price requirement from June 23, 2020 to September 7, 2020. The above extension was granted as part of Nasdaq’s determination to toll the compliance periods for all public companies, not meeting the continued listing requirements, such as the bid price requirement, due to the extraordinary market conditions and unprecedented turmoil in U.S. financial markets. The Company intends to monitor the closing bid price of its common stock between now and September 7, 2020 and is considering its options, in order to regain compliance with the Nasdaq bid price requirement.

TOP Ships Inc. (the “Company”) (TOPS) announced today that it has entered into a placement agency agreement with Maxim Group LLC relating to the sale of the Company’s common shares (the “Placement Agency Agreement”). Pursuant to the Placement Agency Agreement, the Company entered into a securities purchase agreement with certain institutional investors in connection with a registered direct offering of an aggregate of 59,400,000 common shares at a public offering price of $0.135 per share (the “Registered Offering”).

ATHENS, Greece, April 20, 2020 -- TOP Ships Inc. (the “Company”), an international owner and operator of modern, fuel efficient "ECO" tanker vessels, announced today that its.