Ardmore Shipping filed papers on Friday that set the stage for up to $50m in share sales through at-the-market (ATM) offerings.
The New York-listed product tanker owner said it struck an agreement with investment banks Evercore, DNB Markets and Stifel paving the way to sell shares from “time to time”.
The deal was disclosed as part of $500m shelf registration filed with the US Securities & Exchange Commission, a document that paves the way for future sales of shares or debt securities.
