Castor Maritime Inc Price, Forecast, Insider, Ratings, Fundamentals & Signals

Limassol, cyprus, april 22, 2024 (globe newswire) -- castor maritime inc. (nasdaq: ctrm), (“castor” or the “company”), a diversified global shipping company, announces that it has commenced today a tender offer (the “offer”) to purchase all of its 10,330,770 outstanding common share purchase warrants issued on april 7, 2021 (the “warrants”) at a price of $0.105 per warrant, net to the seller in cash, without interest. payments made pursuant to the offer will be rounded down to the nearest whole cent. the warrants are exercisable in the aggregate into 103,307 of our common shares, par value $0.001 per share (the “common shares”), at an exercise price per warrant of $55.30. the purpose of the proposed offer is to reduce the number of common shares that would become outstanding upon the exercise of the warrants, thereby providing investors and potential investors with greater clarity as to the company's capital structure...

Limassol, cyprus, april 15, 2024 (globe newswire) -- castor maritime inc. (nasdaq: ctrm), (“castor”, or the “company”), a diversified global shipping company, announces that it received a written confirmation from the nasdaq stock market llc on april 11, 2024, that the company has regained compliance with nasdaq listing rule 5550(a)(2) concerning the minimum bid price of the company's stock.

Limassol, cyprus, march 22, 2024 (globe newswire) -- castor maritime inc. (nasdaq: ctrm), (“castor”, or the “company”), a diversified global shipping company, announces that its board of directors (the “board”) has determined to effect a 1-for-10 reverse stock split of the company's common shares. the company's shareholders approved the reverse stock split by a ratio of not less than 1-for-two and not more than 1-for-100 and granted the board the authority to determine the exact split ratio and when to proceed with the reverse stock split at the company's annual meeting of shareholders held on september 1, 2023.

Limassol, cyprus, march 22, 2024 (globe newswire) -- castor maritime inc. (nasdaq: ctrm), (“castor” or the “company”), a diversified global shipping company, announces that on march 22, 2024, it completed the previously announced sale of the m/v magic orion, a 2006-built capesize bulk carrier vessel, for a price of $17.4 million, by delivering the vessel to its new owner.

Limassol, cyprus, march 12, 2024 (globe newswire) -- castor maritime inc. (nasdaq: ctrm), (“castor” or the “company”), a diversified global shipping company, announces that on march 11, 2024, it completed the previously announced sale of the m/v magic nova, a 2010-built panamax bulk carrier vessel, for a price of $16.1 million, by delivering the vessel to its new owner.

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While current dry bulk shipping charter rates are nothing to write home about, leading containership lessors Costamare and Danaos Corporation recently made moves to enter the space. Castor Maritime recently joined Danaos Corporation by taking a significant stake in competitor Eagle Bulk Shipping. I believe shareholders would have been way better off if Castor Maritime had repurchased its own common shares at the current 90%+ discount to net asset value.

Toro Corp: CEO And Chairman Petros Panagiotidis Grabs Large Stake In Recent Capital Raise.

Proposed spin-off of the company's tanker fleet into a new, Nasdaq-listed entity named Toro Inc. has been delayed. Based on disclosures made in Toro's recently revised registration statement, transaction terms have been altered in favor of Castor Maritime.

Company reported strong Q2 results with impressive operating cash flow generation. Tanker exposure should continue to benefit results in Q3.

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