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TOP Ships addresses unusual trading in its stock

TOP SHIPS INC. says recent unusual trading in TOPS shares is not linked to any undisclosed material developments or known issues requiring corrective action.

(Neutral)
(Neutral)
Form Type
6-K

Rhea-AI Filing Summary

TOP SHIPS INC. (TOPS) reported that it became aware of unusual trading activity in its common stock on the NYSE American during post-market hours on September 21, 2026 and pre-market hours on September 22, 2026. The company states it has made inquiries and does not believe any conditions requiring corrective action exist at this time.

The company further states there has been no material development in its business and affairs not previously disclosed, or, to its knowledge, any other reason to account for the unusual market action. The disclosure is provided pursuant to Section 401(d) of the NYSE American Company Guide.

Positive

  • None.

Negative

  • None.

Filing Explained

The September 22 Form 6-K is an interim material-information filing that incorporates the unusual-trading response into the company’s Form F-3 registration statements; it does not itself disclose a securities offering, issuance, or corrective action.

Post-market unusual activity date September 21, 2026 Post-market trading hours when unusual activity in TOPS common stock was observed
Pre-market unusual activity date September 22, 2026 Pre-market trading hours when unusual activity in TOPS common stock was observed
Disclosure basis Section 401(d) Section of the NYSE American Company Guide cited for issuing the statement
unusual trading activity market
"announced today that the Company had become aware of unusual trading activity"
A sudden and noticeable surge or drop in a stock’s buying, selling, or price movement compared with its normal pattern, often outside the range investors usually see. It matters because, like a crowd gathering around an unexpected event, such behavior can signal new information, rumors, heavy insider activity, or manipulation — prompting investors to investigate further since it can quickly change risk, liquidity, and potential returns.
Section 401(d) of the NYSE American Company Guide regulatory
"issuing this press release pursuant to Section 401(d) of the NYSE American Company Guide"
forward-looking statements regulatory
"Matters discussed in this press release may constitute forward-looking statements"
Forward-looking statements are predictions or plans that companies share about what they expect to happen in the future, like estimating sales or profits. They matter because they help investors understand a company's outlook, but since they are based on guesses and assumptions, they can sometimes be wrong.
Private Securities Litigation Reform Act of 1995 regulatory
"The Private Securities Litigation Reform Act of 1995 provides safe harbor protections"
fuel-efficient "ECO" tanker vessels technical
"owner and operator of modern, fuel-efficient "ECO" tanker vessels"

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What did TOPS disclose about the unusual trading activity in its stock?

TOP Ships Inc. disclosed that it became aware of unusual trading activity in its common stock on the NYSE American during post-market hours on September 21, 2026 and pre-market hours on September 22, 2026, and issued a statement under Section 401(d) of the NYSE American Company Guide.

Did TOPS (TOP SHIPS INC.) report any new material developments linked to the trading?

No. TOP Ships Inc. stated there has been no material development in its business and affairs not previously disclosed and, to its knowledge, no other reason to account for the unusual market action in its shares.

Does TOPS believe any corrective action is required regarding the unusual market action?

TOP Ships Inc. said it has made inquiries and does not believe any conditions requiring corrective action exist at this time in relation to the unusual trading activity in its common stock.

On which exchange did TOPS observe the unusual trading activity?

The company reported unusual trading activity in its common stock on the NYSE American LLC, specifically during post-market hours on September 21, 2026 and pre-market hours on September 22, 2026.

Why did TOPS issue this statement about unusual market action?

TOP Ships Inc. issued the statement pursuant to Section 401(d) of the NYSE American Company Guide, which addresses company responses when there is unusual market activity in their listed securities.

What business does TOPS (TOP SHIPS INC.) operate in?

TOP Ships Inc. is an international owner and operator of modern, fuel-efficient eco tanker vessels that transport crude oil, petroleum products (clean and dirty) and bulk liquid chemicals.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

Form 6-K

REPORT OF FOREIGN PRIVATE ISSUER PURSUANT TO RULE 13a-16 OR 15d-16 UNDER THE SECURITIES EXCHANGE ACT OF 1934

For the month of September 2026

Commission File Number: 001-37889

TOP SHIPS INC.
(Translation of registrant's name into English)

20 Iouliou Kaisara Str
19002, Paiania
Athens-Greece

(Address of principal executive office)

Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F.
Form 20-F [ X ]      Form 40-F [   ]

 

 


On September 22, 2026, the Registrant issued a press release, a copy of which is attached hereto as Exhibit 99.1 and is incorporated herein by reference.

Exhibit 99.1. Press release dated September 22, 2026

The information contained in this Report is hereby incorporated by reference into the Registrant’s registration statements on Form F-3 (File Nos. 333-290238, 333-268475 and 333-267545).


SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

      TOP SHIPS INC.    
  (Registrant)
   
  
Date: September 22, 2026     /s/ Evangelos J. Pistiolis     
  Evangelos J. Pistiolis
  Chief Executive Officer
  

EXHIBIT 99.1

Top Ships Inc. Provides Response to Unusual Market Action

ATHENS, Greece, Sept. 22, 2026 (GLOBE NEWSWIRE) -- TOP Ships Inc. (the "Company" or "TOP Ships") (NYSE American: TOPS), an international owner and operator of modern, fuel-efficient "ECO" tanker vessels, announced today that the Company had become aware of unusual trading activity in its common stock on the NYSE American LLC during post market hours on September 21, 2026 and during pre-market hours on September 22, 2026. The Company is issuing this press release pursuant to Section 401(d) of the NYSE American Company Guide. The Company has made inquiries and does not believe any conditions requiring corrective action exist at this time. The Company is further announcing that there has been no material development in its business and affairs not previously disclosed or, to its knowledge, any other reason to account for the unusual market action.

About the Company
TOP Ships Inc. is an international owner and operator of ocean-going vessels focusing on modern, fuel-efficient eco tanker vessels transporting crude oil, petroleum products (clean and dirty) and bulk liquid chemicals. For more information about TOP Ships Inc., visit its website: www.topships.org.

For further information please contact:
Alexandros Tsirikos
Chief Financial Officer
TOP Ships Inc.
Tel: +30 210 812 8107
Email: atsirikos@topships.org

Forward-Looking Statements
Matters discussed in this press release may constitute forward-looking statements. The Private Securities Litigation Reform Act of 1995 provides safe harbor protections for forward-looking statements in order to encourage companies to provide prospective information about their business. Forward-looking statements include statements concerning plans, objectives, goals, strategies, future events or performance, and underlying assumptions and other statements, which are other than statements of historical facts, including statements regarding unusual market action or the conditions accounting for it.

The Company desires to take advantage of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995 and is including this cautionary statement in connection with this safe harbor legislation. The words “believe,” “anticipate,” “intends,” “estimate,” “forecast,” “project,” “plan,” “potential,” “may,” “should,” “expect” “pending” and similar expressions identify forward-looking statements. The forward-looking statements in this press release are based upon various assumptions, many of which are based, in turn, upon further assumptions, including without limitation, our management's examination of historical operating trends, data contained in our records and other data available from third parties. Although we believe that these assumptions were reasonable when made, because these assumptions are inherently subject to significant uncertainties and contingencies which are difficult or impossible to predict and are beyond our control, we cannot assure you that we will achieve or accomplish these expectations, beliefs or projections. Please see the Company’s filings with the Securities and Exchange Commission for a more complete discussion of these and other risks and uncertainties. The information set forth herein speaks only as of the date hereof, and the Company disclaims any intention or obligation to update any forward-looking statements as a result of developments occurring after the date of this communication.

Filing Exhibits & Attachments

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