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Tuesday, 06/27/2017 7:39:39 AM

Tuesday, June 27, 2017 7:39:39 AM

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ATHENS, Greece, June 26, 2017 (GLOBE NEWSWIRE) -- TOP Ships Inc. (TOPS), an international ship-owning company (the “Company”), today reports its updated key financial information giving effect to the reverse stock split on June 23, 2017:

Key Financial Information as of June 23, 2017, post reverse stock split:

- Cash and cash equivalents: approximately $4.2 million (or $2.91 per share)

- Book value of vessels, net: approximately $123.4 million

- Debt outstanding balance: approximately $113.8 million

- Number of Shares Outstanding: 1,443,092


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