Performance Shipping Inc (NASDAQ:PSHG) shares are trading lower by 52.33% to $0.29 during Friday’s trading session after the company priced its 33 million share offering at $0.45 per share.
What Else?
Performance Shipping says the warrants will be immediately exercisable, will expire five years from the date of issuance, and will have an initial exercise price of $0.45 per common share. The gross proceeds to the Company from the Offering are estimated to be approximately $15.0 million before deducting the placement agent’s fees and other Offering expenses.
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According to data from Benzinga Pro, Performance Shipping has a 52-week high of $6.10 and a 52-week low of $0.22.
