Castor Maritime (CTRM) has released an update.
Castor Maritime Inc., a diversified global shipping company, has launched a tender offer to repurchase all of its outstanding common share purchase warrants issued on April 7, 2021, at $0.105 each, to streamline the company’s capital structure. The offer, which is not contingent on a minimum number of warrants being tendered and will be paid for with available cash, will conclude on May 20, 2024. Castor Maritime aims to provide investors with clearer insight into its capital structure by potentially reducing the number of outstanding common shares.
For further insights into CTRM stock, check out TipRanks’ Stock Analysis page.
