Globus Maritime Limited Stock Price, News & Analysis

On September 25, 2020, Globus Maritime Limited (GLBS) will announce its financial results for the quarter and six-month period ending June 30, 2020, after market close. The company operates a fleet of five dry bulk vessels, transporting various cargoes including iron ore, coal, and grain, with a total carrying capacity of 300,571 Dwt and an average vessel age of 12.3 years. As part of the shipping industry, Globus Maritime emphasizes the importance of its financial reporting and stakeholder communication.

Globus Maritime Limited (NASDAQ: GLBS) announced that its annual meeting of shareholders will take place on September 24, 2020, at 11:00 a.m. local time in Glyfada, Greece. Shareholders recorded as of August 18, 2020, are eligible to vote during this event. The meeting's formal notice and proxy statement will be distributed to shareholders soon and are also accessible on the company’s website. Globus Maritime operates a fleet of five dry bulk vessels and has subsidiaries managing seven additional vessels with a total carrying capacity of 300,571 Dwt.

On July 21, 2020, Globus Maritime Limited (NASDAQ: GLBS) completed a registered direct offering and concurrent private placement, raising approximately $15.0 million before fees and expenses. The offering was conducted under a previously filed shelf registration statement, with common shares sold exclusively via a prospectus. The concurrent private placement included warrants not registered under the Securities Act. Globus operates a fleet of five dry bulk vessels and is engaged in marine transportation services globally, primarily transporting various dry bulk cargoes.

Globus Maritime Limited (NASDAQ: GLBS) has entered into a securities purchase agreement to raise approximately $15 million through a registered direct offering of 83,333,333 common shares at $0.18 each, in addition to warrants for the same amount. The offering is expected to close around July 21, 2020, pending usual conditions. Furthermore, the Company plans to reduce the exercise price of existing warrants from $0.30 to $0.18. Maxim Group LLC is acting as the sole placement agent for this transaction.

On June 30, 2020, Globus Maritime Limited (NASDAQ: GLBS) announced the successful completion of a registered direct offering and private placement of warrants, generating approximately $12.4 million in gross proceeds. These funds are expected to bolster the company's operations in dry bulk shipping, where it currently operates a fleet of 5 vessels with a total carrying capacity of 300,571 DWT.

As of March 31, 2020, the fleet has a weighted average age of 12.1 years.

Globus Maritime Limited (NASDAQ: GLBS) announced a securities purchase agreement to issue approximately $12.4 million in common shares and warrants to institutional investors. The offering includes 45,850,000 Common Shares at $0.27 each, with warrants to purchase an equal number of shares at an exercise price of $0.30. Proceeds are expected to close by June 30, 2020, and will support the company's ongoing operations. The warrants will expire in 5.5 years, and the offering is registered under a shelf registration statement.

Globus Maritime Limited (NASDAQ: GLBS) announced the successful completion of a public offering of 34,285,714 units at a price of $0.35 each, raising approximately $12 million in gross proceeds. Each unit comprises one common share and one Class A warrant. Maxim Group LLC has exercised its option to purchase additional shares and warrants. The offering was conducted under the SEC registration statement 333-238119, declared effective on June 17, 2020.

This financing is aimed at enhancing the company's capital resources.

Globus Maritime Limited (NASDAQ: GLBS) has announced the pricing of a public offering of 34,285,714 units at $0.35 per unit, with expected gross proceeds of approximately $12.0 million. Each unit comprises one common share and one Class A warrant, set to close on June 22, 2020. The underwriter, Maxim Group LLC, has a 45-day option to purchase additional securities. The offering is registered with the SEC and follows their effective registration statement from June 17, 2020.

Globus Maritime Limited (NASDAQ: GLBS) reported a comprehensive loss of $9 million for Q1 2020 compared to a loss of $0.3 million in Q1 2019. Total revenues plummeted by 35% to $2.3 million, primarily due to a 68% drop in Daily Time Charter Equivalent (TCE) rates, attributed to COVID-19's impact on the shipping industry. The company also recognized a $4.6 million impairment loss, marking further financial strain. Revenue declines and increased operating expenses highlight ongoing challenges, alongside a substantial rise in cash used in operations to $2 million.