Greek dry bulk shipping firm Seanergy Maritime Holdings Corp. has announced the pricing for its USD 15 million public offering, saying that it will used the net proceeds vessel acquisitions, debt repayment and general corporate purposes.

The net proceeds of the offering are expected to be used for debt repayment, vessel acquisitions in accordance with the Company’s growth strategy and general corporate purposes.

The public offering consists of 10 million common shares and class A warrants at a combined price to the public of USD 1.50 per common share and class A warrant.

Seanergy Maritime Holdings, The net proceeds of the offering are expected to be used for debt repayment, vessel acquisitions in accordance with the Company’s growth strategy and general corporate purposes.

The offering is expected to close on or about December 13, 2016. The company estimates that the net proceeds from the offering, after deducting the underwriting discount and offering expenses, will be around USD 13.38 million.

Maxim Group LLC is acting as sole manager for the offering. The company has granted Maxim Group LLC a 45-day option to purchase up to an additional 1.5 million common shares and/or 1.5 million class A warrants to cover over-allotments, if any.