Performance Shipping Terminates ATM Offering


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  • Performance Shipping Inc (NASDAQ:PSHG) announced that effective August 23, 2022, it has terminated the At The Market Offering Agreement with H.C. Wainwright & Co., LLC, dated March 5, 2021.
  • Before termination, PSHG issued and sold 526,916 shares of its common stock under the ATM Agreement, generating net proceeds of ~$1.3 million after commissions.
  • The company said it is terminating the ATM Agreement because it does not intend to raise additional capital or sell additional shares under the ATM Agreement. 
  • Price Action: PSHG shares are trading higher by 6.88% at $0.3155 on the last check Monday.

Crypto Whales Are Loading Up — Are You?

New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.


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