Performance Shipping Terminates ATM Offering

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.