ATHENS, Greece, July 16, 2013 /PRNewswire/ -- Box Ships Inc. (NYSE:TEU) (the "Company") today announced that it intends to offer shares of its newly designated Series C Cumulative Redeemable Perpetual Preferred Shares (the "Series C Preferred Stock") in an underwritten public offering. The public offering price and other terms of the Series C Preferred Stock are to be determined by negotiations between the Company and the underwriters. The Company also plans to grant the underwriters a 45-day option to purchase additional shares of Series C Preferred Stock on the same terms and conditions to cover over-allotments, if any. The Company has applied to list the Series C Preferred Stock on the New York Stock Exchange. The Company plans to use the net proceeds of the offering to redeem all of its outstanding Series B-1 Preferred Shares, to repay a portion of its outstanding debt and for general corporate purposes. Maxim Group LLC, Ladenburg Thalmann & Co. Inc., a subsidiary of Ladenburg Thalmann Financial Services Inc. (NYSE MKT: LTS), and MLV & Co. LLC are acting as the joint bookrunning managers for the offering. Global Hunter Securities and National Securities Corporation, a wholly owned subsidiary of National Holdings, Inc. (OTCBB:NHLD), are acting as lead managers for the offering, and Aegis Capital Corp. is acting as co-manager for the offering. The offering will be made pursuant to the Company's existing shelf registration statement previously filed with the Securities and Exchange Commission ("SEC") and declared effective. This offering is being made only by means of a prospectus supplement and accompanying base prospectus. A prospectus supplement related to the offering has been filed with the SEC and is available on the SEC's website located at www.sec.gov. Copies of the prospectus supplement and the accompanying prospectus relating to this offering may be obtained from Maxim Group LLC, 405 Lexington Avenue, New York, NY 10174 (or by telephone at 212-895-3745 or by email to firstname.lastname@example.org). 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.