March 13, 2013
/PRNewswire/ -- Box Ships Inc. (NYSE:TEU) today announced that it has priced its previously announced public offering of 4,000,000 of its common shares at
per share. The offering is expected to close on
March 18, 2013
. The Company has granted the underwriters a 30-day option to purchase an additional 600,000 of its common shares to cover over-allotments, if any. The gross proceeds from the offering before the underwriting discount and other offering expenses are expected to be approximately
. The net proceeds of the offering are expected to be used by the Company for general corporate purposes, which may include the repayment of debt and the acquisition of vessels.
Global Hunter Securities is acting as lead managing underwriter and sole book-runner of the offering. Maxim Group LLC and National Securities Corporation are acting as co-managers for the offering.
This offering is being made only by means of a prospectus supplement and accompanying base prospectus. A preliminary prospectus supplement relating to the offering has been filed with the U.S. Securities and Exchange Commission (the "SEC") and is available on the SEC's website located at
. When available, copies of the final prospectus supplement and the accompanying prospectus relating to this offering may be obtained from Global Hunter Securities, 777 Third Avenue, 22nd Floor,
New York, NY
10017 (or by telephone at 646-264-5629 or by email to
A shelf registration statement relating to the shares was filed with the SEC and is effective. This press release shall not constitute an offer to sell or the solicitation of an offer to buy these securities, nor shall there be any sale of these securities, in any state or other jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or other jurisdiction.