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Stock Market & Financial Investment News

News Breaks
March 13, 2013
15:37 EDTSSW, ALEX, GSL, ESEA, DACWilbur Ross seeks $500M for distressed transportation fund, Bloomberg says
Wilbur Ross Jr. is looking to raise $500 million for a new private-equity fund that will invest in distressed shipping and other transportation assets, says Reuters, according to three people familiar with the situation. Reference Link
News For ALEX;DAC;GSL;SSW;ESEA From The Last 14 Days
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July 6, 2015
09:10 EDTESEAEuroseas resets previously announces reverse stock split date
Euroseas announced that the effective date of its a1-for-10 reverse stock split announced on July 2 has been reset to be July 22. As announced, the reverse stock split is undertaken with the objective of meeting the minimum $1.00 per share requirement for listing the company's common stock on the Nasdaq Capital Market. The reverse stock split will become effective after the close of all trading on the effective date, and the company's common shares will begin trading on a split-adjusted basis on July 23, which is the trading day next following the effective date, or such other date as determined by Nasdaq. No fractional shares will be issued in connection with the reverse stock split. Instead, the company will issue one full share of the post-reverse stock split common shares to any shareholder who would otherwise be entitled to receive a fractional share as a result of the reverse stock split. Each common shareholder will hold the same percentage of the outstanding common shares immediately following the reverse stock split as that shareholder did immediately prior to the reverse stock split, except for minor adjustment due to the additional net share fraction that will need to be issued as a result of the treatment of fractional shares. The reverse stock split was authorized by the company's shareholders on June 19.
June 29, 2015
16:21 EDTGSLGlobal Ship Lease extends time charter with Sea Consortium/ X-Press Feeders
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08:21 EDTSSWSeaspan accepts delivery of fourth 14000 TEU SAVER containership
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