Navios Maritime Acquisition Corporation Announces $15 Million Offering Of Common Stock

MONACO, Oct. 18, 2019 (GLOBE NEWSWIRE) -- Navios Maritime Acquisition Corporation (“Navios Acquisition”) (NYSE: NNA), an owner and operator of tanker vessels, announced today that it has priced an offering of 1,875,000 shares of common stock for an aggregate of approximately $15.0 million in a registered direct offering at $8.00 per share. The offering is expected to close on or about October 24, 2019. Navios Acquisition estimates that the net proceeds from the offering, after deducting estimated offering expenses and placement agent fees, will be approximately $14.0 million. Navios Acquisition expects to use the net proceeds from the registered direct offering for general corporate purposes.

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Navios Acquisition’s common stock trades on the New York Stock Exchange under the symbol “NNA.”

Fearnley Securities, Inc. acted as sole lead manager.

S. Goldman Advisors LLC and Fearnley Securities AS acted as lead placement agents in the registered direct offering. Fearnley Securities AS is not a U.S. registered broker-dealer and to the extent that this offering is made within the United States, its activities will be effected only to the extent permitted by Rule 15a-6 of the Securities Exchange Act of 1934, as amended.

This news release does not constitute an offer to sell or a solicitation of an offer to buy the securities described herein, nor shall there be any sale of these securities in any state or jurisdiction in which such an offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction. This offering may be made only by means of a prospectus supplement and accompanying base prospectus. When available, copies of the prospectus supplement and accompanying base prospectus related to this offering may be obtained from: Fearnley Securities, Inc., 880 Third Avenue, 16th Floor, New York, NY 10022, Attention: Prospectus Department or by emailing, (tel: (212) 277-3636).

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Disclaimer: The above is a matter of opinion provided for general information purposes only and is not intended as investment advice. Information and analysis above are derived from sources and ...

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