Sphinx Investment Corp. Issues Statement on Seanergy
Today, Sphinx Investment Corp. (“Sphinx”) released the following statement in respect of its investment in Seanergy Maritime Holdings Corp. (“Seanergy” or the “Company”) (NASDAQ: SHIP):
- Today, Sphinx Investment Corp. (“Sphinx”) released the following statement in respect of its investment in Seanergy Maritime Holdings Corp. (“Seanergy” or the “Company”) (NASDAQ: SHIP):
Sphinx has reviewed Seanergy’s recent statements to the media and in its May 31 press release. - It appears to us that Seanergy thinks that it can confuse shareholders into forgetting what CEO Stamatis Tsantanis and the “independent” members of the Seanergy Board of Directors (the “Board”) have done to them by reciting platitudes about good governance and strategic plans.
- Seanergy has alleged that Mr. Economou “has not engaged with us meaningfully or articulated any new ideas for the company”.
- Cadwalader, Wickersham & Taft LLP is representing Sphinx in connection with its ongoing litigation and potential proxy solicitation in respect of Seanergy.