Watson Farley & Williams (“WFW”) has advised long-standing client Globus Maritime Limited (“Globus”) in connection with a public offering, raising approximately US$12m.
In the offering, which priced on June 18, 2020, units consisting of one common share (or pre-funded warrant) and Class A warrants were sold in an underwritten public offering registered with the SEC on Form F-1 for gross proceeds of approximately US$12m, not including any exercise of the underwriter’s overallotment option, which was also partially exercised. Each Class A warrant is immediately exercisable for one common share at an exercise price of $0.35 per share and will expire five years from issuance.
Globus is an integrated dry bulk shipping company that provides marine transportation services worldwide and presently owns, operates and manages a fleet of five dry bulk vessels that transport iron ore, coal, grain, steel products, cement, alumina and other dry bulk cargoes internationally.
Steven commented: “It was a pleasure to work with Globus on this transaction and we are pleased to have worked closely with a nimble company to document this deal relatively quickly.”