The Nasdaq-listed bulker and boxship owner said it hadagreed to offload 11.2m shares in a private deal at $1.34 each to aninstitutional investor.
Net proceeds are expected to be $14.4m.
The stock closed at $1.38 in New York on Monday.
CEO Aristides Pittas said: “We believe that this investmentis another vote of confidence in our strategy and in the prospects of Euroseas.
“We look forward to continue expanding and renewing ourfleet, in keeping with our strategy of growing Euroseas by adding qualityvessels to our fleet and also by broadening our shareholder base.”
It
