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08/19/2009Press Releases

SEANERGY MARITIME HOLDINGS CORP. ANNOUNCES AMENDMENT AND CONVERSION OF THE CONVERTIBLE PROMISSORY NOTE ISSUED IN ITS BUSINESS COMBINATION

Seanergy Maritime Holdings Corp. (the “Company”) (NASDAQ: SHIP; SHIP.W) announced today that it has amended the convertible promissory note in the principal amount of $28,250,000 due on August 28, 2010, which was issued as partial consideration for the vessels it acquired in its business combination in August 2008, to reduce the conversion price. In connection with, and as a condition to, the reduction in the conversion price, holders of the note have converted the principal amount of the note and all accrued but unpaid fees and interest due thereunder into Seanergy common stock...
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