Top Ships Announces Termination of ATM Program of $19.7 Million

Athens, Greece - Oct. 06, 2022

TOP Ships Inc. (the "Company"), an international owner and operator of modern, fuel efficient "ECO" tanker vessels, announced that it has given notice to terminate the equity distribution agreement for the sale of the Company’s common shares up to an aggregate amount of $19.7 million (the "Agreement") with Maxim Group LLC in an "at-the-market' equity offering program (the "ATM").

The Company will make no further sales under the ATM. Net proceeds from sales under the ATM amounted to approximately $2.0 million.

About TOP Ships Inc.
TOP Ships Inc. is an international ship-owning company.

For more information about TOP Ships Inc., visit its website: www.topships.org.

Top Ships Inc. press release