The New York-listed bulker and containership owner also announced a reverse-split of its shares and revealed a new one-year charter.
Athens-based Euroseas said the rights will be issued to its common shareholders and will allow them to purchase new shares in the company.
"We are executing our plan of growing the company and making its stock more attractive for our shareholders and investors amidst a challenging market environment," said chief executive Aristides Pittas.
