United Announces Commencement of Trading on the Nasdaq Capital Market
United Maritime Corporation has completed its spin-off from Seanergy Maritime Holdings Corp, effective July 5, 2022. Shares of United began trading on the Nasdaq Capital Market under the ticker symbol USEA as of July 6, 2022. United Maritime is dedicated to global seaborne transportation services, starting with a Capesize dry bulk vessel and plans to diversify its operations. The Company is registered in the Marshall Islands and operates from Glyfada, Greece. For further details, refer to the Company’s registration statement on Form 20-F.
- Successful completion of spin-off from Seanergy Maritime Holdings Corp.
- Shares commenced trading under the ticker USEA on Nasdaq.
- Initiation of operations with a Capesize dry bulk vessel.
- Dependence on former parent company for operational support.
- Potential risks from fluctuating shipping industry trends, including charter rates.
GLYFADA, Greece, July 06, 2022 (GLOBE NEWSWIRE) -- United Maritime Corporation (the “Company” or “United”) (NASDAQ: USEA) announced today that it has completed its spin-off from Seanergy Maritime Holdings Corp. effective July 5, 2022. The Company’s shares will commence trading as of today, July 6, 2022, on the Nasdaq Capital Market under the ticker symbol “USEA”.
Additional information about United and the spin-off transaction can be found in the United registration statement filed pursuant to the Securities Exchange Act of 1934 on Form 20-F, which is available at www.sec.gov or at https://www.unitedmaritime.gr/en under Investors/SEC Filings.
About United Maritime Corporation
United Maritime Corporation is an international shipping company specializing in the worldwide seaborne transportation services. The Company commenced operations with one Capesize dry bulk vessel. It is expected to expand into different shipping sectors and pursue a diversified business model.
The Company is incorporated under the laws of the Republic of the Marshall Islands and has executive offices in Glyfada, Greece. The Company's common shares trade on the Nasdaq Capital Market under the symbol “USEA”.
Please visit our company website at: www.unitedmaritime.gr.
Forward-Looking Statements
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. Words such as "may", "should", "expects", "intends", "plans", "believes", "anticipates", "hopes", "estimates" and variations of such words and similar expressions may identify forward-looking statements, but the absence of these words does not mean that a statement is not forward-looking. These statements involve known and unknown risks and are based upon a number of assumptions and estimates, which 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, shipping industry trends, including charter rates, vessel values and factors affecting vessel supply and demand; the impact of changes in regulatory requirements or actions taken by regulatory authorities on the Company's operating or financial results; the Company's financial condition and liquidity, including its ability to service its indebtedness; competitive factors in the market in which the Company operates; increased operating costs associated with vessel aging; vessel damage; future, pending or recent acquisitions and dispositions, business strategy, areas of possible expansion or contraction, and expected capital spending or operating expenses; dependence on affiliates of the Company’s former parent and third-party managers to operate the Company’s business; availability of crew, number of off-hire days, classification survey requirements and insurance costs; changes in the Company’s relationships with contract counterparties; potential liability from future litigation and incidents involving the Company’s vessels; broader market impacts arising from war (or threatened war) or international hostilities, such as between Russia and Ukraine; risks associated with the length and severity of the ongoing novel coronavirus (COVID-19) outbreak, including its effects on demand for dry bulk products, other types of products and the transportation thereof; and other factors listed from time to time in the Company's filings with the SEC, including its registration statement on Form 20-F. The Company's filings can be obtained free of charge on the SEC's website at www.sec.gov. Except to the extent required by law, 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.
For further information please contact:
United Investor Relations
Tel: +30 213 0181 522
E-mail: ir@usea.gr
Capital Link, Inc.
Paul Lampoutis
230 Park Avenue Suite 1540
New York, NY 10169
Tel: (212) 661-7566
E-mail: usea@capitallink.com
FAQ
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