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EuroHoldings has announced a comprehensive review of strategic alternatives to maximize shareholder value, following its spin-off from Euroseas on March 18, 2025. The company, listed on NASDAQ under EHLD, is exploring multiple options including a potential sale, merger, acquisition, or strategic partnerships.
Key financial highlights include:
- Cash balance of $13 million
- Zero debt position
- Two vessels with profitable charter contracts
The Board has appointed Seaborne Capital Advisors as financial advisor for the evaluation process. Chairman and CEO Aristides Pittas emphasized that while no specific timetable has been set, the company will assess all opportunities against its standalone value potential. The company will only disclose developments when required by law or deemed appropriate.
EuroHoldings (NASDAQ: EHLD) has successfully completed its spin-off from Euroseas , with trading commencing on March 18, 2025, on the NASDAQ Capital Market. The spin-off separates Euroseas' oldest containerships into a new independent public company.
According to Chairman and CEO Aristides Pittas, this strategic move aims to create additional value for shareholders of both companies by enabling distinct investment strategies. While Euroseas will focus on modern fuel-efficient feeder and intermediate vessels, EuroHoldings will pursue growth through investments in older vessels across containership and other maritime sectors.
EuroHoldings emerges from the spin-off with a strong financial position, featuring no debt and contracted cash flows.