CTRM

Castor Maritime Inc. Announces Reverse Stock Split to be Effective March 27, 2024

Retrieved on: 
Friday, March 22, 2024
Form 6-K, CUSIP, Security (finance), Shareholder, CTRM

LIMASSOL, Cyprus, March 22, 2024 (GLOBE NEWSWIRE) -- Castor Maritime Inc. (NASDAQ: CTRM), (“Castor”, or the “Company”), a diversified global shipping company, announces that its board of directors (the “Board”) has determined to effect a 1-for-10 reverse stock split of the Company’s common shares.

Key Points: 
  • LIMASSOL, Cyprus, March 22, 2024 (GLOBE NEWSWIRE) -- Castor Maritime Inc. (NASDAQ: CTRM), (“Castor”, or the “Company”), a diversified global shipping company, announces that its board of directors (the “Board”) has determined to effect a 1-for-10 reverse stock split of the Company’s common shares.
  • The reverse stock split will take effect, and the Company’s common shares will begin trading on a split-adjusted basis under their existing symbol “CTRM” on the Nasdaq Capital Market (“Nasdaq”) as of the opening of trading on March 27, 2024.
  • The CUSIP number of Y1146L 208 will be assigned to the Company’s common shares when the reverse stock split becomes effective.
  • Immediately following the effective time of the reverse stock split, the Company’s common shares will have the same voting rights and will be identical in all other respects to the common shares prior to effectiveness of the reverse stock split.

Castor Maritime Inc. Announces the Completion of the Sale of the M/V Magic Orion

Retrieved on: 
Friday, March 22, 2024
Capesize, Sale, CTRM

LIMASSOL, Cyprus, March 22, 2024 (GLOBE NEWSWIRE) -- Castor Maritime Inc. (NASDAQ: CTRM), (“Castor” or the “Company”), a diversified global shipping company, announces that on March 22, 2024, it completed the previously announced sale of the M/V Magic Orion, a 2006-built Capesize bulk carrier vessel, for a price of $17.4 million, by delivering the vessel to its new owner.

Key Points: 
  • LIMASSOL, Cyprus, March 22, 2024 (GLOBE NEWSWIRE) -- Castor Maritime Inc. (NASDAQ: CTRM), (“Castor” or the “Company”), a diversified global shipping company, announces that on March 22, 2024, it completed the previously announced sale of the M/V Magic Orion, a 2006-built Capesize bulk carrier vessel, for a price of $17.4 million, by delivering the vessel to its new owner.
  • The Company expects to record a net gain of approximately $2.0 million from the above-mentioned sale, excluding any transaction-related costs during the first quarter of 2024.

Castor Maritime Inc. Announces the Completion of the Sale of the M/V Magic Nova

Retrieved on: 
Tuesday, March 12, 2024
Sale, CTRM, Panamax

LIMASSOL, Cyprus, March 12, 2024 (GLOBE NEWSWIRE) -- Castor Maritime Inc. (NASDAQ: CTRM), (“Castor” or the “Company”), a diversified global shipping company, announces that on March 11, 2024, it completed the previously announced sale of the M/V Magic Nova, a 2010-built Panamax bulk carrier vessel, for a price of $16.1 million, by delivering the vessel to its new owner.

Key Points: 
  • LIMASSOL, Cyprus, March 12, 2024 (GLOBE NEWSWIRE) -- Castor Maritime Inc. (NASDAQ: CTRM), (“Castor” or the “Company”), a diversified global shipping company, announces that on March 11, 2024, it completed the previously announced sale of the M/V Magic Nova, a 2010-built Panamax bulk carrier vessel, for a price of $16.1 million, by delivering the vessel to its new owner.
  • The Company expects to record a net gain of approximately $4.4 million from the above-mentioned sale, excluding any transaction-related costs during the first quarter of 2024.

Castor Maritime Inc. Announces Availability of its 2023 Annual Report on Form 20-F

Retrieved on: 
Friday, March 1, 2024
CTRM, Annual, The Annual Report, Bank statement, Annual report

LIMASSOL, Cyprus, March 01, 2024 (GLOBE NEWSWIRE) -- Castor Maritime Inc. (NASDAQ: CTRM), (“Castor”, or the “Company”), a diversified global shipping company, announces that the Company’s annual report on Form 20‐F (the “Annual Report”), which contains the Company’s audited consolidated financial statements for the fiscal year ended December 31, 2023, was filed with the U.S. Securities and Exchange Commission (the “SEC”).

Key Points: 
  • LIMASSOL, Cyprus, March 01, 2024 (GLOBE NEWSWIRE) -- Castor Maritime Inc. (NASDAQ: CTRM), (“Castor”, or the “Company”), a diversified global shipping company, announces that the Company’s annual report on Form 20‐F (the “Annual Report”), which contains the Company’s audited consolidated financial statements for the fiscal year ended December 31, 2023, was filed with the U.S. Securities and Exchange Commission (the “SEC”).
  • The Annual Report is now accessible on the SEC website at http://www.sec.gov and on the Company’s website at http://www.castormaritime.com , in the “Investors” section under “Annual Reports”.
  • Shareholders may receive a hard copy of the Annual Report free of charge upon request to the Company by writing to:

Castor Maritime Inc. Announces the Sale of the M/V Magic Nebula for a Price of $16.2 Million with an Expected Net Gain of $2.5 Million

Retrieved on: 
Thursday, February 22, 2024
Bulk carrier, CTRM, Sale

LIMASSOL, Cyprus, Feb. 22, 2024 (GLOBE NEWSWIRE) -- Castor Maritime Inc. (NASDAQ: CTRM), (“Castor” or the “Company”), a diversified global shipping company, announces that on February 15, 2024, the Company entered into an agreement with an entity beneficially owned by a family member of our Chairman, Chief Executive Officer and Chief Financial Officer for the sale of the M/V Magic Nebula, a 2010-built Kamsarmax bulk carrier vessel, for a price of $16.2 million.

Key Points: 
  • LIMASSOL, Cyprus, Feb. 22, 2024 (GLOBE NEWSWIRE) -- Castor Maritime Inc. (NASDAQ: CTRM), (“Castor” or the “Company”), a diversified global shipping company, announces that on February 15, 2024, the Company entered into an agreement with an entity beneficially owned by a family member of our Chairman, Chief Executive Officer and Chief Financial Officer for the sale of the M/V Magic Nebula, a 2010-built Kamsarmax bulk carrier vessel, for a price of $16.2 million.
  • The terms of the transaction were negotiated and approved by a special committee of our disinterested and independent directors.
  • The vessel is expected to be delivered to its new owner during the second quarter of 2024.
  • The Company expects to record during the second quarter of 2024 a net gain of approximately $2.5 million from the sale of the M/V Magic Nebula excluding any transaction-related costs.

VAKT, the leading post trade platform for energy announces their new CEO, Tasja Botha

Retrieved on: 
Friday, February 2, 2024
GTM, CTRM, Fintech, Friction, Capital market, FIS, Symphony Technology Group, Sale, Treasury, SunGard

LONDON, Feb. 2, 2024 /PRNewswire/ -- VAKT Holdings Ltd ("VAKT"), a leader in the provision of energy post trade technology services, is pleased to announce the appointment of Tasja Botha as its new CEO.

Key Points: 
  • LONDON, Feb. 2, 2024 /PRNewswire/ -- VAKT Holdings Ltd ("VAKT"), a leader in the provision of energy post trade technology services, is pleased to announce the appointment of Tasja Botha as its new CEO.
  • Most recently Tasja served as CEO of Quor Group, a leader in commodities trading and risk management technology (CTRM).
  • As CEO, Tasja will oversee VAKT's operations and spearhead its mission to digitalize inefficient and costly post trade processes.
  • VAKT is a post trade processing platform for energy transactions.

VAKT, the leading post trade platform for energy announces their new CEO, Tasja Botha

Retrieved on: 
Friday, February 2, 2024
GTM, CTRM, Fintech, Friction, Capital market, FIS, Symphony Technology Group, Sale, Treasury, SunGard

LONDON, Feb. 2, 2024 /PRNewswire/ -- VAKT Holdings Ltd ("VAKT"), a leader in the provision of energy post trade technology services, is pleased to announce the appointment of Tasja Botha as its new CEO.

Key Points: 
  • LONDON, Feb. 2, 2024 /PRNewswire/ -- VAKT Holdings Ltd ("VAKT"), a leader in the provision of energy post trade technology services, is pleased to announce the appointment of Tasja Botha as its new CEO.
  • Most recently Tasja served as CEO of Quor Group, a leader in commodities trading and risk management technology (CTRM).
  • As CEO, Tasja will oversee VAKT's operations and spearhead its mission to digitalize inefficient and costly post trade processes.
  • VAKT is a post trade processing platform for energy transactions.

Castor Maritime Inc. Announces the Sales of the M/V Magic Nova and the M/V Magic Horizon for an Aggregate Price of $31.9 Million with an Aggregate Expected Net Gain of $9.0 Million

Retrieved on: 
Monday, January 29, 2024
Sale, CTRM, Panamax

LIMASSOL, Cyprus, Jan. 29, 2024 (GLOBE NEWSWIRE) -- Castor Maritime Inc. (NASDAQ: CTRM), (“Castor” or the “Company”), a diversified global shipping company, announces that on January 19, 2024, the Company entered into separate agreements with entities beneficially owned by a family member of our Chairman, Chief Executive Officer and Chief Financial Officer for the sale of (i) the M/V Magic Nova, a 2010-built Panamax bulk carrier vessel, for a price of $16.1 million and (ii) the M/V Magic Horizon, a 2010-built Panamax bulk carrier vessel, for a price of $15.8 million.

Key Points: 
  • LIMASSOL, Cyprus, Jan. 29, 2024 (GLOBE NEWSWIRE) -- Castor Maritime Inc. (NASDAQ: CTRM), (“Castor” or the “Company”), a diversified global shipping company, announces that on January 19, 2024, the Company entered into separate agreements with entities beneficially owned by a family member of our Chairman, Chief Executive Officer and Chief Financial Officer for the sale of (i) the M/V Magic Nova, a 2010-built Panamax bulk carrier vessel, for a price of $16.1 million and (ii) the M/V Magic Horizon, a 2010-built Panamax bulk carrier vessel, for a price of $15.8 million.
  • The terms of the transactions were negotiated and approved by a special committee of our disinterested and independent directors.
  • Both vessels are expected to be delivered to their new owners by the end of the first quarter of 2024.
  • The Company expects to record during the first quarter of 2024 (i) a net gain of approximately $4.4 million from the sale of the M/V Magic Nova, excluding any transaction-related costs and (ii) a net gain of $4.6 million from the sale of M/V Magic Horizon, excluding any transaction related costs.

Castor Maritime Inc. Announces the Completion of the Sale of the M/V Magic Moon

Retrieved on: 
Wednesday, January 17, 2024
Sale, CTRM, Panamax

LIMASSOL, Cyprus, Jan. 17, 2024 (GLOBE NEWSWIRE) -- Castor Maritime Inc. (NASDAQ: CTRM), (“Castor” or the “Company”), a diversified global shipping company, announces that on January 16, 2024, it completed the previously announced sale of the M/V Magic Moon a 2005-built Panamax bulk carrier vessel, for a price of $11.8 million, by delivering the vessel to its new owner.

Key Points: 
  • LIMASSOL, Cyprus, Jan. 17, 2024 (GLOBE NEWSWIRE) -- Castor Maritime Inc. (NASDAQ: CTRM), (“Castor” or the “Company”), a diversified global shipping company, announces that on January 16, 2024, it completed the previously announced sale of the M/V Magic Moon a 2005-built Panamax bulk carrier vessel, for a price of $11.8 million, by delivering the vessel to its new owner.
  • The Company expects to record a net gain of approximately $3.0 million from the above-mentioned sale, excluding any transaction-related costs during the first quarter of 2024.

Castor Maritime Inc. Announces the Sale of the M/V Magic Venus for $17.5 Million with an Expected Net Gain of $3.5 Million

Retrieved on: 
Friday, January 5, 2024
Venus, Bulk carrier, Sale, CTRM

LIMASSOL, Cyprus, Jan. 05, 2024 (GLOBE NEWSWIRE) -- Castor Maritime Inc. (NASDAQ: CTRM), (“Castor” or the “Company”), a diversified global shipping company, announces that on December 21, 2023, the Company entered into an agreement with an entity beneficially owned by a family member of our Chairman, Chief Executive Officer and Chief Financial Officer for the sale of the M/V Magic Venus, a 2010-built Kamsarmax bulk carrier vessel, for a price of $17.5 million.

Key Points: 
  • LIMASSOL, Cyprus, Jan. 05, 2024 (GLOBE NEWSWIRE) -- Castor Maritime Inc. (NASDAQ: CTRM), (“Castor” or the “Company”), a diversified global shipping company, announces that on December 21, 2023, the Company entered into an agreement with an entity beneficially owned by a family member of our Chairman, Chief Executive Officer and Chief Financial Officer for the sale of the M/V Magic Venus, a 2010-built Kamsarmax bulk carrier vessel, for a price of $17.5 million.
  • The terms of the transaction were negotiated and approved by a special committee of our disinterested and independent directors.
  • The vessel is expected to be delivered to its new owner by the end of the first quarter of 2024.
  • The Company expects to record during the first quarter of 2024 a net gain of approximately $3.5 million from the sale of the M/V Magic Venus, excluding any transaction related costs.