Seanergy – 3rd Time’s the Charm

In contrast to the Oceanut transaction, Seanergy Maritime Corp. can rightfully say, “been there done that” as shareholders finally approved its transaction to acquire 6 bulk carriers from the Restis family this week. It has not been an easy road for the company as we have previously documented. The shareholder vote was deferred three times necessitating the Restis family to increase its investment twice. Ultimately, Restis affiliates owned beneficially 10,114,761 shares, representing 35.4% of the company’s outstanding shares, which amount excludes 2,750,000 shares with respect to which affiliates of the Restis family have shared voting power but do not have

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