Nordic American Offshore (NAO) has picked up a little less than $50m from its latest offering and is eyeing expansion in other regions.
The offshore vessel owner said it successfully closed a follow-on tender, strengthening its capital base by $47.7m.
NAO added net proceeds could exceed $50m if over-allotment options are exercised.
It launched the share offering late last month, a few days after it revealed loan defaults.
The
