Nasdaq-listed Top Ships is banking $3m from a stock sale.
The tanker owner said an institutional investor has agreed to buy 3,160 convertible preferred shares.
The fundraising move follows an April announcement that it had tied up a senior secured facility for the last of its MR newbuildings.
It said the financing had come from a “major northern European bank”, but gave no details as to its tenure or the cost of the facility.
The
