Be Prepared

Yesterday, DryShips filed a prospectus supplement in which they announced that the company had entered into a sales agreement with Cantor Fitzgerald & Co. in which they could offer and sell up to 25 million common shares from time to time. Sales of common stock under this prospectus supplement may be made in sales deemed to be “at-the-market” equity offerings as defined in Rule 415 promulgated under the Securities Act of 1933 including sales made directly on or through the NASDAQ Global Market, sales made to or through a market maker and in negotiated transactions at market prices. Cantor Fitzgerald will earn a fee of 3% of the gross proceeds that are sold in “at-the-market” offerings and 4% of the gross proceeds from negotiated transactions. Proceeds will be used for

This is only an excerpt of Be Prepared

Content is restricted to subscribers. To continue reading please Log-In or view our subscription options.