Top Ships Inc (TOPS)

[Tdogwm]

6-k out.. Kalani not even mentioned...

"TOP Ships Inc. (the "Company") announced today that since September 7, 2017 it has issued 2,160,440 common shares par value $0.01 per share pursuant to conversions of Series C Convertible Preferred Shares. As a result of these issuances the Company currently has issued and outstanding 10,414,396 shares.
As of the date hereof, up to $2.1 million worth of shares is remaining that the Company may sell pursuant to the Purchase Agreement. Also, as of the date hereof, the Company has 2,284 Series C Convertible Preferred Shares outstanding.
Furthermore in connection with shares issued in relation to conversions of Series C Convertible Preferred Shares, the Exercise Price (as defined in the Warrant Agreement) of the Warrants (the "Warrants") issued in a public offering by the Company pursuant to the warrant agreement dated June 11, 2014 (the "Warrant Agreement") is adjusted to $0.30 and the number of common shares of the Company purchasable by each Warrant is 8.31 Warrant Shares (as defined in the Warrant Agreement). Also, as previously announced, the issuance of the Series C Convertible Preferred Shares constitutes an issuance of Variable Price Securities (as defined in the Warrant Agreement) and that, pursuant to Section 2(d) of the Warrant Agreement, each Holder shall have the right, but not the obligation, to, in any exercise of Warrants, adopt the Variable Price (as defined in the Warrant Agreement) at which the Series C Convertible Preferred Shares are convertible as the Exercise Price of the Warrants. "