An announcement from Heidmar Maritime Holdings Corp. ( (HMR) ) is now available.
On February 26, 2025, Heidmar Maritime Holdings Corp. announced the completion of its merger with MGO Global, Inc., marking a significant milestone for the company. The merger enhances Heidmar’s market position, with a total of 57,102,585 shares outstanding, 92% of which are owned by insiders under a four-month lock-up period.
Key Players in the Deal
- Seward & Kissel LLP provided legal counsel to Heidmar, with a deal team led by Keith Billotti, alongside Jim Abbott, Holt Goddard, and Madison Pesce.
- Maxim Group LLC acted as MGO’s financial advisor, while Seaborne Capital Advisors advised Heidmar.
- Sichenzia Ross Ference Carmel LLP served as MGO’s legal counsel.
Heidmar’s CEO, Pankaj Khanna, highlighted the company’s growth prospects amid industry consolidation and decarbonization trends, emphasizing the attractiveness of outsourcing for small to medium-sized shipowners. The company reported unaudited revenues of $16.4 million and a net income of $1.9 million for the six months ending June 30, 2024, and plans to release its full-year 2024 results in April 2025.
More about Heidmar Maritime Holdings Corp.
Heidmar Maritime Holdings Corp., founded in 1984 and headquartered in Athens, Greece, is a prominent player in the global maritime industry, specializing in commercial and technical management of oil tanker pools. The company operates through subsidiaries in various international locations, including the Marshall Islands, Singapore, the United Kingdom, Dubai, and Hong Kong, with plans to expand into Houston. Heidmar is known for its expertise in commercial management, technical management, asset acquisition, and corporate management, offering a comprehensive range of services to shipowners and financial investors. The company is recognized for its commitment to safety, performance, and transparency, providing a ‘one-stop’ solution for maritime services in the crude oil, refined petroleum products, and dry bulk shipping sectors.
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