Diana Containerships Inc. (DCIX) said Thursday that it has priced its public offering of 8.1 million shares of its common stock at a price to the public of $6.25 per share.
The underwriters have a 30-day option to purchase up to a total of 1.215 milion additional shares of common stock.
The gross proceeds from the offering will be about $50.6 million, or about $58.2 million if the underwriters exercise their option to purchase additional shares.
The offering is expected to close on July 24.
The proceeds of the offering are expected to be used for general corporate purposes, including vessel acquisitions and working capital, although no specific vessels have been identified by the company for acquisition at this time.
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