PIPE – Sale of Common Stock in Euroseas Ltd. (NASDAQ:ESEA)

Represented Euroseas Ltd. (NASDAQ:ESEA) in connection with the sale of approximately 11.2 million shares of common stock to an institutional investor

On March 14, 2014 Euroseas Ltd. (NASDAQ:ESEA) sold approximately 11.2 million shares of its common stock in a private placement at a price of $1.3435 per share to an institutional investor for expected net proceeds of approximately $14.4 million. Euroseas owns and operates 14 vessels in the dry cargo, drybulk and container shipping markets. The Company intends to use the proceeds for the acquisition of vessels and general corporate purposes. A Seward & Kissel team led by partner Craig Sklar and counsel Anthony Tu-Sekine represented Euroseas in connection with the PIPE.