Athens-based tanker owner Top Ships has revealed more share offerings coupled with a warning about price fluctuations

The Nasdaq-listed company said it has priced an offering of 6.75m units at $2 each to raise $13.5m.

Each unit consists of a share and a warrant to buy another at $2, expiring in five years.

The deal is expected to close on Tuesday.

The move comes after a filing on 1 December that showed the owner of two VLCCs, three suezmaxes and three MR tankers was offering up to 4.97m