Evangelos Pistiolis plans to spin off one of Top Ships’ suezmax tankers into a new pure-play company with an eye on eventual listing on a major stock exchange.
The Nasdaq-listed owner said it has filed an Form 20-F registration statement with the US Securities & Exchange Commission (SEC) in connection with such a move.
Top Ships subsidiary Rubico Inc is set to become an independent publicly traded company through the planned spin-off.
