Globus Maritime chairman George Feidakis continues to lessen his potential position in the dry bulk specialist, having let hundreds of thousands of stock warrants expire.
The company founder let 738,002 common shares lapse on 8 February, bringing his ownership down to 1.42 million shares, or 44%, according to an SEC filing.
His stake peaked at 78%, or 27.4 million shares, in July 2017 before dropping to two-thirds, or 26 million shares, in January 2018.
He owned 54.7%, or 2.16 million shares, in December following an October 2018 one-for-10 reverse stock split.
United Capital Investment last month sold 2.36 million shares, keeping 144,210 units.
This story has been amended to reflect Feidakis' lowering his Globus Maritime stake.
