DryShips entered a private direct sale of $20m in newly issued preferred shares and warrants to a private firm registered in British Virgin Islands, the company said in a press release.
The company, which has been in the news of late due to a 1500% rise in its stock price, also issued a statement that it “is not aware of any other news that would result in the increased trading activity of its stock or a fluctuation of its stock price.”
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