DryShips Inc (fka DRYS)

[sure bet]

Each subscription right will entitle the holder thereof to a basic subscription right to purchase approximately 1.1526 shares of Common Stock at a subscription price of $2.75 per share. The Rights Offering will also include an oversubscription privilege, which will entitle a rights holder who exercises its basic subscription right in full with the opportunity to purchase additional shares of Common Stock, up to the amount of such holder's basic subscription right, subject to availability and the pro rata allocation of shares among rights holders exercising their oversubscription privilege.