Cypriot bulker owner Castor Maritime is attempting to pull off a similar share deal to that achieved by rival Globus Maritime this week.
The Nasdaq-listed company is aiming to sell stock and warrants to raise $14m for ship acquisitions. This compares to its market cap of $6.2m.
Globus, another small-cap Nasdaq shipping company, added nearly $14m to its coffers by also selling shares and warrants, using the same bookrunner, Maxim Group.
