Sunday, November 12, 2017 6:02:59 PM
Chart w/tech lines'
https://finviz.com/quote.ashx?t=nm
Article from The Street.com:
https://realmoney.thestreet.com/articles/11/12/2017/3-safe-haven-stocks-buy-amid-tax-reform-uncertainties?puc=yahoo&cm_ven=YAHOO&yptr=yahoo
MONACO, Nov. 09, 2017 (GLOBE NEWSWIRE) -- Navios Maritime Containers Inc. (“Navios Containers”) (N-OTC:NMCI), a growth vehicle dedicated to the container sector, announced today that it has closed the private placement of common shares as announced on November 7, 2017.
Some dilution and mebee why the poor recent performance:
Navios Containers issued 9,090,909 common shares for an aggregate of $50.0 million of gross proceeds at a subscription price of $5.50 per common share. Navios Containers intends to use the net proceeds to partially finance the acquisition of four 2008-built baby Panamax containerships for an agreed price of $96.8 million and for general working capital.
Navios Maritime Partners L.P. (“Navios Partners”) invested $10.0 million in the private placement and currently owns approximately 34% of the outstanding share capital. Each of Navios Partners and Navios Maritime Holdings Inc. also received warrants, with a five-year term, for 6.8% and 1.7% of the newly issued equity, respectively. The offer shares will be tradable on N-OTC today, November 9, 2017.
Clarksons Platou Securities AS and Fearnley Securities AS acted as Lead Managers and Bookrunners in the Private Placement, and S. Goldman Advisors LLC acted as Structuring Advisor.
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