Euroseas Ltd. just filed a General Statement of acquisition of beneficial ownership

The following excerpt is from the company's filing:

Item 5.Interest in Securities of the Issuer

(a)-(d)
As of the date hereof, Friends Investment Company may be deemed to be the beneficial owner of 19,174,006 Common Shares, constituting 41.9% of the Common Shares, based upon 45,723,255 Common Shares outstanding.Friends Investment Company has the sole power to vote or direct the vote of 19,174,006 Common Shares and the shared power to vote or direct the vote of 0 Common Shares.Friends Investment Company has the sole power to dispose or direct the disposition of 19,174,006 Common Shares and the shared power to dispose or direct the disposition of 0 Common Shares.The 19,174,006 Common Shares beneficially owned by Friends Investment Company were acquired in open market transactions.
As of the date hereof, Preferred Friends Investment Company may be deemed to be the beneficial owner of 3,931,034 Common Shares, constituting 7.9% of the Common Shares, based upon 45,723,255 Common Shares outstanding as adjusted for authorized Common Shares not yet issued beneficially owned by Preferred Friends Investment Company.Preferred Friends Investment Company has the sole power to vote or direct the vote of 3,931,034 Common Shares and the shared power to vote or direct the vote of 0 Common Shares.Preferred Friends Investment Company has the sole power to dispose or direct the disposition of 3,931,034 Common Shares and the shared power to dispose or direct the disposition of 0 Common Shares.The 3,931,034 Common Shares beneficially owned by Preferred Friends Investment Company are beneficially owned pursuant to the PIPE Transaction (as further described in Item 4 above), a privately negotiated transaction.
None of the other persons named in response to Item2 have the sole power to vote or to direct the vote, the shared power to vote or direct the vote, the sole power to dispose or to direct the disposition of the Shares that are the subject of this Statement.
There have been no purchases or sales of the Common Shares during the past 60 days by Friends Investment Company.
There have been no purchases or sales of the Common Shares during the past 60 days by Preferred Friends Investment Company other than the Common Shares beneficially owned by Preferred Friends Investment Company pursuant to the PIPE Transaction (as described in Item 4 above).
(e)N/A
Item 6. Contracts, Arrangements, Understandings or Relationships with Respect to Securities of the Issuer
The information set forth in Item 4 above is incorporated by reference in its entirety in this Item6.Except for the Securities Purchase Agreement and the Statement of Designation of the Rights, Preferences and Privileges of Series B Convertible Perpetual Preferred Shares of Euroseas Ltd., the Preferred Friends Investment Company does not have any contract, arrangement, understanding or relationship with any person with respect to securities of the Issuer.
Friends Investment Company does not have any contract, arrangement, understanding or relationship with any person with respect to the securities of the Issuer.
Item 7. Material to be Filed as Exhibits
Exhibit A:Joint Filing Agreement
Exhibit B:Securities Purchase Agreement, dated as of January26, 2014, by and among the Issuer and Preferred Friends Investment Company (oritsaffiliates) and certain other parties thereto (incorporated by reference to Exhibit 99.4 to the Current Report on Form6-K filed with the SEC by the Issuer on January29, 2014)
Exhibit C:Statement of Designation of the Rights, Preferences and Privileges of Series B Convertible Perpetual Preferred Shares of Euroseas Ltd. (incorporated by reference to Exhibit 99.2 to the Current Report on Form 6-K filed with the SEC by the Issuer on January 29, 2014).

SIGNATURES

The above information was disclosed in a filing to the SEC. To see this filing in its entirety, click here.

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