Investors looking to grab a fresh piece of Castor Maritime may soon get their chance.
The Petros Panagiotidis-led owner has has put 2.4 million shares on deck for future possible sale through shelf registration, according to SEC documents filed today.
Its shares have fallen 1.3% in early-morning trading to $4.21, giving the loaded units a total value of $10.1m.
Castor in early February announced that the Nasdaq Stock Market approved its application to be listed under the ticker symbol CTRM. It also trades on the Norwegian OTC as CASTOR.
The company has an equal market capitalisation of $10.1m, backed by one dry bulk ship.
It is 46% owned by Thalassa Investment, a British Virgin Islands holding company with investments across various industries.
The company's earnings for the last six months ended 31 March more than doubled to $332,411 from the same period in 2018.
