Globus Maritime fell out of the gate in US trading today after a clutch of investors, including chairman Georgios Feidakis, freed up shares for sale.

Stock in Nasdaq-listed Globus was trading at $2.92 shortly after 09:00 New York time on Thursday, down more than 14%.

It comes after Feidakis’s Firment Shipping and Silaner Investments registered 7.38 million shares they received as warrants as part of a debt-for-equity swap arranged last year between Feidakis's two private entities and his public shipping company.