Globus Maritime (GLBS) Prices 1.41M Registered Direct Offering at $8.50/Sh

Globus Maritime Limited (NASDAQ: GLBS) announced today that it has entered into a securities purchase agreement with certain unaffiliated institutional investors to issue approximately 1.41 million of its common shares (or pre-funded warrants in lieu thereof) and warrants to purchase up to an aggregate of 1.27 million common shares at a purchase price of $8.50 per common share and accompanying warrant (or $8.49 per pre-funded warrant and accompanying warrant) in a registered direct offering. The warrants will have an exercise price of $8.50 per share, are exercisable immediately and will expire five and a half years following the date of issuance.

Maxim Group LLC is acting as sole placement agent for the offering.

The gross proceeds to the Company from the offering are estimated to be approximately $12.0 million before deducting the placement agent’s fees and other estimated offering expenses. The offering is expected to close on or about December 9, 2020, subject to the satisfaction of customary closing conditions.

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