ThePeter Georgiopoulos-led shipowner has priced the offering at $4.60 per sharefor the 11m new units it plans to sell.
However,the amount raised could top $58m if an underwriters’ allocation of a further1.65m shares is exercised.
This is Baltic's third Wall Street fundraiser in under seven months.
Jefferiesand Morgan Stanley are joint book-runners for the offering. DVB Capital Markets,Cowen and Co and Clarkson Capital Markets are acting as co-managers.
BalticTrading
