Containership owner Global Ship Lease continues to grow richer from its follow-on shares issue last week led by investment bank B Riley FBR.
The underwriter has now agreed to exercise its 15% over-allotment option, adding a further $6m to a cash pile than now sits at a gross figure of $55.2m.
Net proceeds to GSL after underwriting discounts, but before offering expenses, will be $51.7m.
