It said the funds would be used for general corporate purposes, whichmay include repaying debt, and buying ships.
GlobalHunter Securities has been unveiled as the lead managing underwriter and solebook-runner of the offering.
BoxShips said it intends to grant the underwriters a 30-day option to purchase an additional$3.75m of its shares to cover over-allotments.
Thefund raiser is being made under an existing shelf registration statement filedwith the US Securities & Exchange Commission (SEC) and is effective.
Plansfor a stock offering come a day after Box Ships said it had securedmore breathing space to repay an outstanding loan from major shareholder ParagonShipping.