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Euroseas files $400 million shelf covering stock, preferreds and debt
By Devika Patel
Knoxville, Tenn., Nov. 16 - Euroseas Ltd. filed a $400 million shelf registration in an F-3 filing with the Securities and Exchange Commission.
The registration covers common shares, preferred shares, debt securities, warrants, purchase contracts and units, along with 11,249,677 common shares to be sold by selling shareholders.
Proceeds will be used make vessel acquisitions, for capital expenditures, debt repayment, working capital and general corporate purposes.
Euroseas is a Maroussi, Greece-based owner and operator of drybulk and container vessels.
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