Contact Information: For further information please contact: Investment Banking Clifford A. Teller Director of Investment Banking 212.895.3773 cteller@maximgrp.com Capital Markets Christopher J. Fiore President Head of Capital Markets 212.895.3743 cfiore@maximgrp.com Paul G. LaRosa Senior Managing Director 212.895.3695 plarosa@maximgrp.com Jeff Sklar Managing Director Institutional Equity Sales & Trading 212.895.3780 jsklar@maximgrp.com Wealth Management John J. Garrity Executive Managing Director 212.895.3624 jgarrity@maximgrp.com
Maxim Group Completes Secondary Offering for Seanergy Maritime Holdings Corp.
| Source: Maxim Group
ATHENS, GREECE--(Marketwire - January 29, 2010) - Seanergy Maritime Holdings Corp. (the
"Company") (NASDAQ : SHIP ) (NASDAQ : SHIPW ) today announced that it has
priced its public offering of 20,833,333 shares of common stock. The
Company has granted the representatives of the underwriters a 45-day option
to purchase up to an additional 3,125,000 shares of common stock to cover
over-allotments. The shares were offered to the public at $1.20 per share.
Four of the Company's major shareholders affiliated with the Restis Group
have committed to purchase an additional 4,166,667 shares of common stock
directly from the Company at the public offering price. The offering
is expected to settle and close on February 3, 2010, subject to customary
closing conditions. Net proceeds from the offering are expected to be used
in conjunction with cash from operations and financing to be obtained from
the Company's bank to purchase a new vessel.
Maxim Group LLC and Rodman & Renshaw, LLC, a subsidiary of Rodman & Renshaw
Capital Group, Inc. (NASDAQ: RODM), acted as the joint book-running
managers and Chardan Capital Markets, LLC acted as co-manager for the
offering. The offering will be made only by means of a prospectus, copies
of which may be obtained from Maxim Group LLC, 405 Lexington Avenue, New
York, NY 10174, or by calling 800-724-0761 or Rodman & Renshaw, LLC, 1251
Avenue of the Americas, New York, NY 10020, or by calling 212-430-1710.
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
and the Company's growth strategy and measures to implement such strategy.
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 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, 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, the scope and
timing of SEC and other regulatory agency review, 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's filings can be obtained free of charge on the SEC's website at
www.sec.gov. 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.
About Seanergy Maritime Holdings Corp.
Seanergy Maritime Holdings Corp., the successor to Seanergy Maritime Corp.,
is a Marshall Islands corporation with its executive offices in Athens,
Greece. The Company is engaged in the transportation of dry bulk cargoes
through the ownership and operation of dry bulk carriers. The Company's
common stock and warrants trade on the NASDAQ Global Market under the
symbols SHIP and SHIP.W, respectively.
About Maxim Group LLC
Maxim Group LLC is a full-service investment banking firm headquartered in
New York. Maxim Group provides a full array of financial services including
investment banking; private wealth management; and global institutional
equity, fixed-income and derivatives sales and trading as well as equity
research. Maxim Group currently manages in excess of $5 billion in client
assets. The investment banking group focuses on middle market and emerging
growth companies within the shipping, energy, health care, technology,
retail, and business and financial services sectors. The institutional
coverage of Maxim Group spans North and South America, Europe and Asia.
Maxim Group LLC is a registered as a broker-dealer with the U.S. Securities
and Exchange Commission and is a member of the following: Financial
Industry Regulatory Authority (FINRA); Municipal Securities Rulemaking
Board (MSRB); Securities Insurance Protection Corporation (SIPC);
International Securities Exchange (ISE); NASDAQ Stock Market and the NYSE
Arca, Inc. To learn more about Maxim Group, visit www.maximgrp.com.