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The latest announcement is out from Castor Maritime ( (CTRM) ).
Castor Maritime Inc. has entered into a share purchase agreement with Toro Corp. to issue and sell an additional 50,000 Series D Cumulative Perpetual Convertible Preferred Shares. This move is part of a strategic effort to strengthen its capital structure and enhance its market positioning by amending and restating the terms of the Series D Preferred Shares, potentially benefiting stakeholders by boosting investor confidence and financial flexibility.
More about Castor Maritime
Castor Maritime Inc. is a corporation based in the Republic of the Marshall Islands, operating in the maritime transportation industry. The company is primarily focused on the shipping and logistics of goods across various global markets.
YTD Price Performance: -20.47%
Average Trading Volume: 55,226
Technical Sentiment Consensus Rating: Strong Buy
Current Market Cap: $32.66M
See more insights into CTRM stock on TipRanks’ Stock Analysis page.
