TOP SHIPS INC. (TOPS) Form 6-K — Aug 17, 2026
TOP Ships Inc. entered a share purchase agreement on July 28, 2026 to acquire all shares of Roman Shark L, A and C Inc. from Central Mare Inc., a company affiliated with the family of CEO Evangelos J. Pistiolis, for a net purchase price of approximately $4.7 million after a $2.6 million cash credit and a $23.5 million refund from a cancelled Dubai real estate deal.
Key figures
- Deal Value Usd
- $4.7 million net purchase price for the three SPVs (approximately $7.4 million aggregate consideration including the $2.6 million cash credit, per press release)
- Charter terms
- 5 years firm plus 1-year charterer option
- Cash credit usd
- $2.6 million
- Vessel size dwt
- 49940
- Closing deadline
- September 30, 2026
- Vessel deliveries
- ["July 2029","September 2029","October 2029"]
- Rsv financing rate
- Term SOFR + 1.80% margin
- Rsv sale price usd
- $6.5 million
- Rsv vessel size dwt
- 47499
- Rsv advance credit usd
- $0.3 million
- Rsv balloon payment usd
- $18.2 million
- Rsv sale leaseback coverage
- 85% of pre-delivery installments
- Rsv installments settled usd
- $6.8 million
- Rsv quarterly installment usd
- $0.5 million
- Total company gross backlog usd
- $929 million
- Total newbuilding mr backlog usd
- $680 million
- Charter backlog three vessels usd
- $140.6 million
- Rsv pre delivery installments usd
- $45.2 million
- Dubai real estate refund credit usd
- $23.5 million
- Pre delivery installments per vessel usd
- $49.5 million
- Installments already settled per vessel usd
- $2.8 million
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