Greece-based Box Ships Inc. intends to offer $25,000,000 of its common shares in an underwritten public offering.
The net proceeds of the offering are expected to be used by the Company for general corporate purposes, which may include the repayment of debt and the acquisition of vessels.
The Company intends to grant the underwriters a 30-day option to purchase an additional $3,750,000 of its common shares to cover over-allotments, if any.
This offering is being made only by means of a prospectus supplement and accompanying base prospectus. A prospectus supplement related to the offering will be filed with the U.S. Securities and Exchange Commission (the "SEC") and will be available on the SEC's website located at www.sec.gov . When available, copies of the prospectus supplement and the accompanying prospectus relating to this offering may be obtained from Global Hunter Securities, 777 Third Avenue, 22nd Floor, New York, NY 10017 (or by telephone at 646-264-5629 or by email to [email protected]).
Box Ships Inc. is an Athens, Greece-based international shipping company specializing in the transportation of containers. The Company's current fleet consists of nine containerships with a total carrying capacity of 43,925 TEU and a TEU weighted average age of 8.1 years.