CASTOR MARITIME INC.
Form 20-F
| ☒ | Form 40-F | ☐ |
INFORMATION CONTAINED IN THIS FORM 6-K REPORT
Castor Maritime Inc. (the "Company"), has agreed to repurchase, in privately negotiated transactions, 8,900,000 warrants issued on April 7, 2021 (the "April 7 Warrants") and 67,864 warrants issued on July 15, 2020 (the "Private Placement Warrants"), in each case at a price of $0.105 per repurchased warrant. The Company agreed that if it at any time prior to January 31, 2024 it repurchases additional April 7 Warrants at a higher price, it will pay the selling warrant holders the difference between the higher repurchase price and $0.105 with respect to the applicable repurchased warrants. Following the repurchase, (i) 10,330,770 April 7 Warrants with an exercise price of $5.53, (ii) no Private Placement Warrants and (iii) 62,344 Class A warrants issued on June 26, 2020 with an exercise price of $2.53, remain outstanding, each exercisable for one common share of Castor.
The information contained in this report on Form 6-K is hereby incorporated by reference into the Company's registration statements on Form F-3 (File Nos. 333-236331, 333-240262 and 333-254977).
Attachments
- Original Link
- Original Document
- Permalink
Disclaimer
Castor Maritime Inc. published this content on 06 October 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 06 October 2023 15:17:11 UTC.
