TheNew York-listed operator on Wednesday said it plans to pursue acquisitions and slashdebt with proceeds from a public offering of common stock and warrants.
Ina statement the company noted the fundraiser is backed by Maxim Group, whichwill likely have a 45-day option to purchase an additional 15% of the unitssold to cover over-allotments.
Italso pointed out that an affiliate of chairman Michael Bodouroglou, NeigeInternational, has pledged to participate in a concurrent private placement ifthe owner offloads at least $10m worth of units during the public offering.
BoxShips is based in Athens where it oversees a fleet of nine containerships witha total carrying capacity of 43,925-teu and a weighted average age of 9.2years,
