Globus Maritime is offering more shares up for sale while lowering the offer price on other units put before investors in December last year.

On 27 January, the New York-listed owner of six bulkers issued 2.6m common shares and purchase warrants to buy up to 1.95m units at $6.25 each.

The company's board of directors has also decided to lower the exercise price on warrants offered on 9 December from $8.50 per share to $6.25 per share.

At the time, the Athanasios Feidakis-led owner offered to sell about 1.41m common shares and up to 1.27m pre-funded warrants at $8.50 each in a registered direct offering.

All of the warrants are exercisable immediately but will expire in 66 months from their issue dates.

Both offerings are being carried out via a 31 July shelf registration statement that became effective on 12 August.

Maxim Group is acting as sole placement agent for both offerings.

Globus expects to make up to just over $25m off both offers if they are fully exercised.

The company made two previous share offers of $12m and $15m over the summer after selling $14m in shares in a separate prior offer.

In October, the owner, which has 3m shares outstanding, carried out a 1-for-100 reverse stock split to stay compliant with Nasdaq's $1 minimum-bid requirement.

Globus' shares, which trade on the Nasdaq stock exchange under the ticker symbol GLBS, had fallen almost 22% to $5.45 each by late morning on 27 January.