- Globus Maritime (NASDAQ:GLBS) slumped 15.4% in premarket trade after entering into a securities purchase agreement with certain unaffiliated institutional investors to issue 2.6M of shares and purchase warrants to purchase up to 1.95M shares at a price of $6.25/share and accompanying purchase warrant in a registered direct offering.
- Purchase warrants will expire five and a half years following issuance date.
- Also, on offer close (Jan.29, 2021) the board will reduce the warrants exercise price, issued on Dec, 9, 2020, from $8.50/share to $6.25/share.
- Gross proceeds are estimated at ~$16.3M.