Globus Maritime is to issue another $15m through a shares sale that will take place alongside a warrants offering.
The Nasdaq-listed bulker owner has entered into a securities purchase agreement with unnamed "certain unaffiliated institutional investors", to whom Globus will sell just over than 83.3m of its shares in a registered direct offering.
In a private placement at the same time, Globus is also offering warrants that can be exercised to buy up to the same number of shares at a later time.