Box Ships will raise $21 million via stock sale

Ocean

Wednesday, March 13, 2013

The Athens, Greece-based containership chartering firm Box Ships said Wednesday it has priced its previously announced public offering of 4 million common shares at $5.25 per share. The offering is expected to close on March 18. The company has granted the underwriters a 30-day option to purchase an additional 600,000 of its common shares to cover over-allotments, if any. The gross proceeds from the offering before the underwriting discount and other offering expenses a...

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