2022-07-18 | NDAQ:USEA | Press release

GLYFADA, Greece, July 18 10, 2022 (GLOBE NEWSWIRE) — United Maritime Corporation (the “Company”) (NASDAQ: USEA), an international shipping company specializing in global shipping services, today announced the price of a public offering of 8,000 000 units at a price of $3.25 per unit. Each unit consists of one common share (or pre-funded warrant in lieu thereof) and one Class A warrant to purchase one common share, and will separate immediately upon issuance . The gross proceeds of the offering to the Company, before discounts and estimated offering commissions and costs, are expected to be approximately $26.0 million.

Each Class A warrant is immediately exercisable for one common share at an exercise price of $3.25 per share and will expire five years after issuance. The offering is expected to close on or about July 20, 2022, subject to customary closing conditions.

Maxim Group LLC is acting as sole placement agent in connection with the offering.

The offering is being conducted pursuant to the Company’s registration statement on Form F-1 (File No. 333-266099) previously filed with the Securities and Exchange Commission (“SEC&CloseCurlyDoubleQuote”) on July 18, 2022, and subsequently declared effective by it. offering prospectus will be filed with the SEC and will be available on the SEC’s website at http://www.sec.gov. Copies of the final prospectus relating to this offering, when available, may be obtained from Maxim Group LLC, 300 Park Avenue, 16th Floor, New York, NY 10022, at (212) 895-3745.

This press release does not constitute an offer to sell or a solicitation of an offer to buy these securities, and there will be no sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be illegal prior to registration. or qualification under the securities laws of such state or territory.

About United Maritime Corporation

United Maritime Corporation is an international shipping company specializing in shipping services around the world. Upon delivery of its newly acquired vessels, the company’s fleet will consist of four tankers and one dry bulk carrier with a total carrying capacity of approximately 617,014 dwt.

The Company is incorporated under the laws of the Republic of the Marshall Islands and has executive offices in Glyfada, Greece. The Company’s common stock trades on the Nasdaq Capital Market under the symbol “USEA”.

Please visit the company’s website at: www.unitedmaritime.gr

Forward-looking statements

This press release contains forward-looking statements (as defined in Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended) regarding future events . Words such as “may”, “should”, “expect”, “intend”, “plan”, “believe”, “anticipate”, “hope”, “estimate” and variations of these words and similar expressions may identify forward-looking statements, but the absence of these words does not mean that a statement is not forward-looking. These statements involve known and unknown risks and are based on a number of assumptions and estimates, which are inherently subject to significant uncertainties and contingencies, many of which are beyond the control of the Company. Actual results may differ materially from those expressed or implied by these forward-looking statements. Factors that could cause actual results to differ materially include, but are not limited to, trends in the shipping industry, including charter rates, vessel values ​​and factors affecting supply and demand for vessels; the impact of changes in regulatory requirements or actions taken by regulatory authorities on the Company’s operating or financial results; the Company’s financial condition and liquidity, including its ability to service its debt; competitive factors in the market in which the Company operates; increased operating costs associated with aging vessels; damage to ships; future, pending or recent acquisitions and divestitures, business strategy, possible areas of expansion or contraction and anticipated capital or operating expenditures; reliance on former parent company affiliates and third-party managers of the Company to operate the Company’s business; crew availability, number of non-hire days, classification survey requirements and insurance costs; changes in the Company’s relationships with contractual counterparties; potential liability for future litigation and incidents involving the Company’s vessels; broader market impacts resulting from war (or threat of war) or international hostilities, such as between Russia and Ukraine; risks associated with the duration and severity of the ongoing novel coronavirus (COVID-19) outbreak, including its effects on demand for dry bulk products, other product types and their transportation; and other factors listed from time to time in the Company’s filings with the SEC, including its registration statement on Form 20-F. Company filings may be obtained free of charge at the SEC’s website at www.sec.gov. Except to the extent required by law, the Company expressly disclaims any obligation or undertaking to release any update or revision to any forward-looking statement contained herein to reflect any change in the Company’s expectations with respect thereto or any change of events, conditions or circumstances on which any statement is based.

For more information, please contact:

United Investor Relations

Tel: +30 213 0181 522

Email: [email protected]

Capital Link, Inc.

Paul Lampoutis

230 Park Avenue, Suite 1540

New York, NY 10169

Tel: (212) 661-7566

Email: [email protected]

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Luisa D. Fuller