Hunter Maritime Acquisition began an initial public offering of its units as the Marc Saverys-backed firm seeks out distressed opportunities in the shipping industry.
Hunter Maritime is selling 15 million units at $10 per unit on the small-cap-focused Nasdaq Capital Market exchange. Each unit will entitle the holder to one common share and a one-half warrant in Hunter Maritime.
Each whole warrant will be redeemable for one whole common share in Hunter Maritime, which will begin trading at a later day.
