The New York-listed operator on Monday launched a campaign aimed at raising the cash it needs to expand its fleet of product and chemical tankers.
In a statement the company said it has commenced an underwritten offering of 6 million shares of common stock and noted proceeds will also be used for “general corporate purposes”.
Ardmore indicated the campaign is led by Morgan Stanley, Wells Fargo Securities and Clarkson Capital Markets, which were identified as joint book running managers.
According
