United Maritime Corporation (the “Company”) (NASDAQ: USEA),an international shipping company specializing in worldwide seaborne transportation services,announced today the pricing of a public offering of 8,000,000 units at a price of $3.25 per unit. Eachunit consists of one common share (or pre-funded warrant in lieu thereof) and one Class A warrantto purchase one common share, and will immediately separate upon issuance. The gross proceedsof the offering to the Company, before discounts and commissions and estimated offering expenses,are expected to be approximately $26.0 million.
Each Class A warrant is immediately exercisable for one common share at an exercise price of $3.25per share and will expire five years from issuance. The offering is expected to close on or about July20, 2022, subject to customary closing conditions.
Maxim Group LLC is acting as the sole placement agent in connection with the offering.
The offering is being conducted pursuant to the Company’s registration statement on Form F-1 (FileNo. 333-266099) previously filed with and subsequently declared effective by the Securities andExchange Commission (“SEC”) on July 18, 2022. A final prospectus relating to the offering will befiled with the SEC and will be available on the SEC’s website at Copies of thefinal prospectus relating to this offering, when available, may be obtained from Maxim Group LLC,300 Park Avenue, 16th Floor, New York, NY 10022, at (212) 895-3745.
This press release shall not constitute an offer to sell or a solicitation of an offer to buy thesesecurities, nor shall there be any sale of these securities in any state or jurisdiction in which such anoffer, solicitation or sale would be unlawful prior to registration or qualification under the securitieslaws of any such state or jurisdiction.
About United Maritime Corporation
United Maritime Corporation is an international shipping company specializing in worldwideseaborne transportation services. Upon delivery of its newly-acquired vessels, the Company’s fleet will consist of four tanker vessels and one dry bulk vessel with an aggregate cargo carrying capacityof approximately 617,014 dwt.
The Company is incorporated under the laws of the Republic of the Marshall Islands and hasexecutive offices in Glyfada, Greece. The Company’s common shares trade on the Nasdaq CapitalMarket under the symbol “USEA”.
