Seanergy Maritime Prices $ 15 mi Offering

Seanergy Maritime Holdings Corp. announced today the pricing of its $15 million public offering of 10,000,000 common shares and class A warrants, at a combined price to the public of $1.50 per common share and class A warrant. The offering is expected to close on or about December 13, 2016. The Company estimates that the net proceeds from the offering, after deducting the underwriting discount and offering expenses, will be approximately $13,380,000. The net proceeds of the offering are expected to be used for debt repayment, vessel acquisitions in accordance with the Company’s growth strategy and general corporate purposes.

Maxim Group LLC is acting as sole manager for the offering. The Company has granted Maxim Group LLC a 45-day option to purchase up to an additional 1,500,000 common shares and/or 1,500,000 class A warrants to cover over-allotments, if any.

Each class A warrant will be immediately exercisable for one common share at an exercise price of $2.00 per share.  The class A warrants will expire five years from issuance, but the Company may call the warrants for cancellation upon 10 trading days prior written notice commencing 13 months after issuance, subject to certain conditions, including the volume weighted average price of the Company’s common shares exceeding $7.00 for a period of 10 consecutive trading days. The class A warrants have been approved for listing on the Nasdaq Capital Market and are expected to trade under the ticker symbol “SHIPW” beginning on December 8, 2016.

A registration statement relating to the securities was declared effective by the U.S. Securities and Exchange Commission (the “SEC”) on December 7, 2016. The offering was made by means of a preliminary prospectus that was included in the registration statement, and a final prospectus is expected to be filed on or about December 9, 2016. Copies of the final prospectus relating to this offering will be available on the SEC’s website, www.sec.gov, and may be obtained from Maxim Group LLC, 405 Lexington Avenue, New York, New York 10174, Attn: Prospectus Department, or by telephone at (800) 724-0761.

This press release shall not constitute an offer to sell or the solicitation of an offer to buy these securities, nor shall there be any sale of these securities, in any state or other jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or other jurisdiction.