EuroHoldings Ltd. Announces Successful Completion of its Spin-Off from Euroseas Ltd.
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.
EuroHoldings (NASDAQ: EHLD) ha completato con successo la sua scissione da Euroseas, con l'inizio delle contrattazioni il 18 marzo 2025, sul mercato NASDAQ Capital. La scissione separa le navi portacontainer più vecchie di Euroseas in una nuova società pubblica indipendente.
Secondo il Presidente e CEO Aristides Pittas, questa mossa strategica mira a creare ulteriore valore per gli azionisti di entrambe le società, consentendo strategie di investimento distinte. Mentre Euroseas si concentrerà su navi feeder e intermedie moderne ed efficienti in termini di carburante, EuroHoldings perseguirà la crescita attraverso investimenti in navi più vecchie nei settori delle portacontainer e marittimi.
EuroHoldings emerge dalla scissione con una posizione finanziaria solida, senza debiti e con flussi di cassa contrattati.
EuroHoldings (NASDAQ: EHLD) ha completado con éxito su escisión de Euroseas, comenzando a cotizar el 18 de marzo de 2025 en el mercado NASDAQ Capital. La escisión separa los buques portacontenedores más antiguos de Euroseas en una nueva empresa pública independiente.
Según el presidente y CEO Aristides Pittas, este movimiento estratégico tiene como objetivo crear valor adicional para los accionistas de ambas empresas al permitir estrategias de inversión distintas. Mientras Euroseas se centrará en buques feeder e intermedios modernos y eficientes en combustible, EuroHoldings buscará crecimiento a través de inversiones en buques más antiguos en los sectores de portacontenedores y marítimos.
EuroHoldings surge de la escisión con una posición financiera sólida, sin deudas y con flujos de efectivo contratados.
EuroHoldings (NASDAQ: EHLD)는 Euroseas에서 성공적으로 분사하여 2025년 3월 18일부터 NASDAQ Capital Market에서 거래를 시작합니다. 이 분사는 Euroseas의 가장 오래된 컨테이너선들을 새로운 독립 공기업으로 분리합니다.
회장 겸 CEO인 Aristides Pittas에 따르면, 이 전략적 조치는 두 회사의 주주에게 추가 가치를 창출하기 위해 서로 다른 투자 전략을 가능하게 하는 것을 목표로 합니다. Euroseas는 현대적이고 연료 효율적인 피더선 및 중간 선박에 집중하는 반면, EuroHoldings는 컨테이너선 및 기타 해양 분야의 오래된 선박에 대한 투자로 성장을 추구할 것입니다.
EuroHoldings는 분사 후 부채가 없고 계약된 현금 흐름을 갖춘 강력한 재무 상태로 출발합니다.
EuroHoldings (NASDAQ: EHLD) a réussi à se séparer d'Euroseas, avec le début des échanges le 18 mars 2025 sur le marché NASDAQ Capital. Cette scission sépare les plus anciens porte-conteneurs d'Euroseas en une nouvelle société publique indépendante.
Selon le président et PDG Aristides Pittas, ce mouvement stratégique vise à créer une valeur supplémentaire pour les actionnaires des deux entreprises en permettant des stratégies d'investissement distinctes. Alors qu'Euroseas se concentrera sur des navires feeder et intermédiaires modernes et économes en carburant, EuroHoldings cherchera à croître par des investissements dans des navires plus anciens dans les secteurs des porte-conteneurs et maritimes.
EuroHoldings émerge de la scission avec une solide position financière, sans dettes et avec des flux de trésorerie contractés.
EuroHoldings (NASDAQ: EHLD) hat erfolgreich seine Abspaltung von Euroseas abgeschlossen, mit dem Handelsbeginn am 18. März 2025 an der NASDAQ Capital Market. Die Abspaltung trennt die ältesten Containerschiffe von Euroseas in ein neues unabhängiges öffentliches Unternehmen.
Laut dem Vorsitzenden und CEO Aristides Pittas zielt dieser strategische Schritt darauf ab, zusätzlichen Wert für die Aktionäre beider Unternehmen zu schaffen, indem er unterschiedliche Investitionsstrategien ermöglicht. Während sich Euroseas auf moderne, kraftstoffeffiziente Feeder- und Zwischenfrachtschiffe konzentrieren wird, wird EuroHoldings Wachstum durch Investitionen in ältere Schiffe in den Bereichen Containerschifffahrt und andere maritime Sektoren anstreben.
EuroHoldings geht aus der Abspaltung mit einer starken finanziellen Position hervor, ohne Schulden und mit vertraglich gesicherten Cashflows.
- Debt-free balance sheet
- Secured contracted cash flows
- Strategic flexibility to pursue diverse maritime investments
- Fleet consists of older containerships which may have higher operating costs
- Potential execution risk in new investment strategy
ATHENS, Greece, March 18, 2025 (GLOBE NEWSWIRE) -- EuroHoldings Ltd. (NASDAQ: EHLD) (“EuroHoldings” or the “Company”), an owner and operator of ocean-going vessels and provider of seaborne transportation, announced today that it has completed its spin-off from Euroseas Ltd. The Company’s shares commenced trading as of March 18, 2025, on the NASDAQ Capital Market under the symbol “EHLD.”
Aristides Pittas, Chairman and CEO of EuroHoldings commented: “We are extremely excited with the spin-off of Euroseas’ oldest containerships into a separate publicly listed company, EuroHoldings Ltd. We believe that this transaction will create further value for the shareholders of both Euroseas and EuroHoldings by allowing each company to pursue its own investment strategy, providing additional options to its shareholders.
“Euroseas will continue growing as a pure container owner focusing on modern fuel-efficient feeder and intermediate vessels while EuroHoldings, a company with a very solid balance sheet, no debt and contracted cash flows will look to grow by investing in older vessels in the containership and other sectors and also evaluating other maritime opportunities.”
Fleet Profile:
After the spin-off, the EuroHoldings Ltd. fleet profile is as follows:
| Name | Type | Dwt | TEU | Year Built | Employment (*) | TCE Rate ($/day) | |
| Container Carriers | |||||||
| JOANNA(*) | Feeder | 22,301 | 1,732 | 1999 | TC until Mar-26, then until Sep-26, then until Nov-26 | ||
| AEGEAN EXPRESS(*) | Feeder | 18,581 | 1,439 | 1997 | TC until Nov-25 | ||
| Total Container Carriers on the Water | 2 | 40,882 | 3,171 | ||||
Notes: (*) TC denotes time charter. Charter duration indicates the earliest redelivery date; all dates listed are the earliest redelivery dates under each TC unless the contract rate is lower than the current market rate in which cases the latest redelivery date is assumed; period to Nov-2026 is at the option of the charterer.
About EuroHoldings Ltd.
EuroHoldings Ltd. was incorporated on March 20, 2024 under the laws of the Republic of the Marshall Islands. The Company was incorporated by Euroseas Ltd. (NASDAQ: ESEA) to serve as the holding company of three of its vessel-owning subsidiaries. Shares of EuroHoldings Ltd. were distributed to Euroseas Ltd. shareholders on March 17, 2025.
EuroHoldings Ltd. is a provider of worldwide ocean-going transportation services. The Company’s operations are managed by Eurobulk Ltd. an ISO 9001:2008 and ISO 14001:2004 certified affiliated ship management company, which is responsible for the day-to-day commercial and technical management and operations of the vessels. The Company has a fleet of two feeder containership vessels with a cargo capacity of 40,882 dwt, or 3,171 teu.
EuroHoldings Ltd. is listed on the Nasdaq Capital Market under the symbol “EHLD”.
Forward Looking Statement
This press release contains forward-looking statements (as defined in Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended) concerning future events and the Company's growth strategy and measures to implement such strategy; including expected vessel acquisitions and entering into further time charters. Words such as "expects," "intends," "plans," "believes," "anticipates," "hopes," "estimates," and variations of such words and similar expressions are intended to identify forward-looking statements. Although the Company believes that the expectations reflected in such forward-looking statements are reasonable, no assurance can be given that such expectations will prove to have been correct. These statements involve known and unknown risks and are based upon a number of assumptions and estimates that are inherently subject to significant uncertainties and contingencies, many of which are beyond the control of the Company. Actual results may differ materially from those expressed or implied by such forward-looking statements. Factors that could cause actual results to differ materially include, but are not limited to changes in the demand for containerships, competitive factors in the market in which the Company operates; risks associated with operations outside the United States; and other factors listed from time to time in the Company's filings with the Securities and Exchange Commission. The Company expressly disclaims any obligations or undertaking to release publicly any updates or revisions to any forward-looking statements contained herein to reflect any change in the Company's expectations with respect thereto or any change in events, conditions or circumstances on which any statement is based.
Visit our website www.euroholdings.gr
| Company Contact | Investor Relations / Financial Media |
| Athina Atalioti Chief Financial Officer EuroHoldings Ltd. Messogiou Thallasis 4 & Evropis 151 24, Maroussi, Greece Tel. (+30) 211 1804005 E-mail: info@euroholdings.gr | Nicolas Bornozis Markella Kara Capital Link, Inc. 230 Park Avenue, Suite 1540 New York, NY 10169 Tel. (212) 661-7566 E-mail: euroholdings@capitallink.com |
FAQ
When did EuroHoldings (EHLD) start trading on NASDAQ after the spin-off?
What is EuroHoldings' (EHLD) investment strategy after the Euroseas spin-off?
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How does the Euroseas spin-off benefit EHLD shareholders?
