Oppenheimer Co Inc News

Euroseas Starts Process to Issue Common Stock

Euroseas Ltd. (NASDAQ: ESEA), an owner and operator of drybulk and container carrier vessels and provider of seaborne transportation for drybulk and containerized cargoes, has filed a preliminary prospectus supplement with the Securities and Exchange Commission in connection with its previously filed registration statement on Form F-3. The preliminary prospectus supplement covers 5,000,000 shares of Common Stock to be issued and sold by the Company, exclusive of the underwriters’ over-allotment option to purchase up to 750,000 additional shares. The Company intends to use the net proceeds of the offering to acquire additional vessels in the sectors in which it currently operates and for general corporate purposes.