The Online Investor

Slideshow Secondary Stock Offerings

By The Online Investor Staff, updated Fri., Jan. 22, 5:31 PM

Slide #2. Global Ship Lease, Inc. Secondary Offering

Company: Global Ship Lease, Inc. (NYSE:GSL)
Date announced: 1/21/2021
Shares Offered: 5,400,000
Date of Pricing: 1/22/2021
Price Per Share: $13.00
Secondary Offering Details: Global Ship Lease, Inc. (NYSE: GSL) (the "Company") announced today that it intends to commence an underwritten public offering (the "Offering") of its Class A common shares, par value $0.01 per share (the "Common Shares"). The net proceeds of the Offering are expected to be used for funding the expansion of the Company's fleet, general corporate purposes, and working capital. The Company also intends to grant the underwriters a 30-day option to purchase up to an additional 15 percent (15%) of the Common Shares offered in the Offering. -updated 1/22- Global Ship Lease, Inc. (NYSE: GSL) (the "Company") announced today the pricing of its previously announced underwritten public offering (the "Offering") of 5,400,000 shares of its Class A common stock, par value $0.01 per share (the "Common Shares") at a public offering price of $13.00 per Common Share. The Company has granted the underwriters a 30-day option to purchase up to an additional 810,000 Common Shares. The Offering will result in gross proceeds to the Company of $70.2 million (or $80.7 million if the underwriters' option to purchase additional Common Shares is exercised in full) prior to deducting underwriting discounts, commissions and other offering expenses.

Global Ship Lease is a holding company. Through its subsidiaries, Co. is engaged in the business of owning and chartering out containerships under fixed rate charters to container liner companies.

Preferred: GSL.PRB

Open the GSL Page at The Online Investor »

Company Name: 
Global Ship Lease, Inc.

Open the GSL Page at The Online Investor (in a new window) »

Quotes delayed 20 minutes

Strong Buy (4.00 out of 4)
100th percentile
(ranked higher than approx. 100% of all stocks covered)
Based on Zacks ABR data;
powered by Xignite

Secondary Stock Offerings Page |

Copyright © 1998 - 2021, All Rights Reserved
Nothing in The Online Investor is intended to be investment advice, nor does it represent the opinion of, counsel from, or recommendations by BNK Invest Inc. or any of its affiliates, subsidiaries or partners. None of the information contained herein constitutes a recommendation that any particular security, portfolio, transaction, or investment strategy is suitable for any specific person. All viewers agree that under no circumstances will BNK Invest, Inc,. its subsidiaries, partners, officers, employees, affiliates, or agents be held liable for any loss or damage caused by your reliance on information obtained. By visiting, using or viewing this site, you agree to the following Full Disclaimer & Terms of Use and Privacy Policy. Video widget and stock market videos powered by Market News Video. Quote data delayed at least 20 minutes; data powered by Ticker Technologies, and Mergent. Contact The Online Investor; Meet Our Editorial Staff.