- Performance Shipping Inc PSHG announced that effective August 23, 2022, it has terminated the At The Market Offering Agreement with H.C. Wainwright & Co., LLC, dated March 5, 2021.
- Before termination, PSHG issued and sold 526,916 shares of its common stock under the ATM Agreement, generating net proceeds of ~$1.3 million after commissions.
- The company said it is terminating the ATM Agreement because it does not intend to raise additional capital or sell additional shares under the ATM Agreement.
- Price Action: PSHG shares are trading higher by 6.88% at $0.3155 on the last check Monday.
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