TOP Ships: 1-for-10 Reverse Stock Split, $5M Convertible-note Offering

TOP Ships (TOPS) announced a 1-for-10 reverse stock split effective November 6 and a $5M private placement of senior convertible notes and warrants. The financing includes $5.56M in notes at a 10% original issue discount, generating $5M in initial gross

TOP Ships (TOPS) announced a 1-for-10 reverse stock split effective November 6 and a $5M private placement of senior convertible notes and warrants.

The financing includes $5.56M in notes at a 10% original issue discount, generating $5M in initial gross

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