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TOP SHIPS INC.
TOP Ships Inc. has extended the payment deadline for a $3.7 million outstanding balance owed by its related party, Rubico, from September 30, 2026, to October 31, 2026. This balance, stemming from the sale of Roman Shark V, may be settled in cash or through the issuance of Rubico's Series G Convertible Preferred Shares.…more
TOP SHIPS INC.
TOP Ships Inc. has extended the payment deadline for the $3.7 million outstanding balance related to the sale of its subsidiary, Roman Shark V, to Rubico Inc. from September 30, 2026, to October 31, 2026. This balance may be settled in cash or, at Rubico's election, through the issuance of Series G Convertible Preferred Shares.…more
TOP SHIPS INC.
TOP Ships has entered into a share purchase agreement to acquire four SPVs for approximately $34.95 million. These SPVs hold shipbuilding contracts for four MR tankers scheduled for delivery between June 2029 and March 2030, and have secured time charter agreements providing a potential gross revenue backlog of approximately $316.9 million over a seven-year firm period.…more
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TOP Ships Extends $3.7M Debt Deadline, May Settle via Convertible Shares…more
Rubico has extended the deadline for a $3.7 million payment owed to TOP Ships until October 31. The debt may be settled through the issuance of Series G convertible preferred shares, raising potential dilution concerns.…more
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TOP Ships has entered an agreement to acquire four high-specification MR tankers, secured by seven-year time charters with a major oil company. This acquisition increases the company's total potential gross revenue backlog to approximately $1.24 billion, enhancing long-term cash flow visibility.…more
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Top Ships has finalized the acquisition of three high-specification, eco-friendly MR tankers scheduled for delivery in 2029. The vessels have secured five-year time charter agreements with a major oil company starting upon delivery.…more
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