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04/20/20 3:52 PM

#440454 RE: Pharaoh-1 #440446

TOPS skyrocketing

Under the Securities Purchase Agreement, we have agreed not to contract to issue or announce the issuance or proposed issuance of any common shares or common share equivalents for twenty trading days following the closing of this offering.

PAGE S-24

https://secfilings.nasdaq.com/filingFrameset.asp?FilingID=14078636&RcvdDate=4/17/2020&CoName=TOP%20SHIPS%20INC.&FormType=424B5&View=html