<SEC-DOCUMENT>0001140361-24-033611.txt : 20240719
<SEC-HEADER>0001140361-24-033611.hdr.sgml : 20240719
<ACCEPTANCE-DATETIME>20240719170012
ACCESSION NUMBER:		0001140361-24-033611
CONFORMED SUBMISSION TYPE:	6-K
PUBLIC DOCUMENT COUNT:		1
CONFORMED PERIOD OF REPORT:	20240719
FILED AS OF DATE:		20240719
DATE AS OF CHANGE:		20240719

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			TOP SHIPS INC.
		CENTRAL INDEX KEY:			0001296484
		STANDARD INDUSTRIAL CLASSIFICATION:	DEEP SEA FOREIGN TRANSPORTATION OF FREIGHT [4412]
		ORGANIZATION NAME:           	01 Energy & Transportation
		IRS NUMBER:				000000000
		STATE OF INCORPORATION:			1T
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		6-K
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-37889
		FILM NUMBER:		241128361

	BUSINESS ADDRESS:	
		STREET 1:		1, VASSILISSIS SOFIAS STR. & MEG.
		STREET 2:		ALEXANDROU STR.
		CITY:			151 24, MAROUSSI
		STATE:			J3
		ZIP:			00000
		BUSINESS PHONE:		011-30-210-81-28-107

	MAIL ADDRESS:	
		STREET 1:		1, VASSILISSIS SOFIAS STR. & MEG.
		STREET 2:		ALEXANDROU STR.
		CITY:			151 24, MAROUSSI
		STATE:			J3
		ZIP:			00000

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	TOP TANKERS INC.
		DATE OF NAME CHANGE:	20040706
</SEC-HEADER>
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<TYPE>6-K
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      <p style="font: 12pt 'Times New Roman'; margin: 0pt 0px; text-align: center;"><b>UNITED STATES</b><br>
        <b>SECURITIES AND EXCHANGE COMMISSION</b><br>
        <b>Washington, D.C. 20549</b></p>
      <p style="font: 12pt 'Times New Roman'; margin: 0pt 0px; text-align: center;">&#160;</p>
      <p style="font: 16pt 'Times New Roman'; margin: 0pt 0px; text-align: center;"><b>FORM 6-K</b></p>
      <p style="font: 16pt 'Times New Roman'; margin: 0pt 0px; text-align: center;">&#160;</p>
      <p style="font: 10pt 'Times New Roman'; margin: 0pt 0px; text-align: center;"><b>REPORT OF FOREIGN PRIVATE ISSUER PURSUANT TO RULE 13a-16 OR<br>
          15d-16 UNDER THE SECURITIES EXCHANGE ACT OF 1934</b></p>
      <p style="font: 10pt 'Times New Roman'; margin: 0pt 0px; text-align: center;">&#160;</p>
      <p style="font: 10pt 'Times New Roman'; margin: 0pt 0px; text-align: center;"><b>For the month of July 2024</b></p>
      <p style="font: 10pt 'Times New Roman'; margin: 0pt 0px; text-align: center;">&#160;</p>
      <p style="font: 10pt 'Times New Roman'; margin: 0pt 0px; text-align: center;">Commission File Number: <b>001-<font style="background-color: white;">37889</font></b></p>
      <p style="font: 10pt 'Times New Roman'; margin: 0pt 0px; text-align: center;">&#160;</p>
      <p style="margin: 0pt 0px; line-height: normal; font-style: normal; font-variant: normal; font-weight: normal; text-align: center;"><font style="font-size: 16pt;"><b>TOP SHIPS INC.</b></font><br>
         (Translation of registrant&#8217;s name into English)</p>
      <p style="font: 12pt 'Times New Roman'; margin: 0pt 0px; text-align: center;">&#160;</p>
      <p style="font: 10pt 'Times New Roman'; margin: 0pt 0px; text-align: center;"><b>1 VAS. SOFIAS &amp; MEG.</b>&#160;</p>
      <p style="font: 10pt 'Times New Roman'; margin: 0pt 0px; text-align: center;"><b>ALEXANDROU STREET</b></p>
      <p style="font: 10pt 'Times New Roman'; margin: 0pt 0px; text-align: center;"><b>151 24, MAROUSSI</b></p>
      <p style="font: 10pt 'Times New Roman'; margin: 0pt 0px; text-align: center;"><b>ATHENS, GREECE</b></p>
      <p style="font: 10pt 'Times New Roman'; margin: 0pt 0px; text-align: center;">&#160;</p>
      <p style="font: 10pt 'Times New Roman'; margin: 0pt 0px; text-align: center;"> (Address of principal executive office)</p>
      <p style="font: 10pt 'Times New Roman'; margin: 0pt 0px; text-align: center;">&#160;</p>
      <p style="font: 10pt 'Times New Roman'; margin: 0pt 0px;">Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F.</p>
      <p style="font: 10pt 'Times New Roman'; margin: 0pt 0px;">&#160;</p>
      <p style="font: 10pt 'Times New Roman'; margin: 0pt 0px;">Form 20-F&#160;&#160;&#160;&#160;&#160;&#9746;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;Form 40-F&#160;&#160;&#160;&#160;&#160;&#9744;</p>
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      <div style="text-align: center; color: #000000; font-weight: bold;">INFORMATION CONTAINED IN THIS FORM 6-K REPORT</div>
      <div><br>
      </div>
      <div style="text-indent: 36pt; color: #000000;">TOP Ships Inc. (the &#8220;Company&#8221; or &#8220;Top Ships&#8221;) (NASDAQ:TOPS) announced today that, through a wholly-owned subsidiary, it has entered into an agreement to acquire the megayacht &#8220;PARA BELLUM&#8221; from an
        affiliate of Evangelos Pistiolis, the Company&#8217;s Chief Executive Officer.</div>
      <div><br>
      </div>
      <div style="text-indent: 36pt; color: #000000;">The &#8220;PARA BELLUM&#8221; is a 47-meter megayacht built in 2023 at the Sanlorenzo shipyard, with capacity for 12 guests and a crew of 10. The vessel is expected to be employed on short-term charters and managed
        by the Company&#8217;s existing fleet manager, Central Mare Inc., an affiliate of the Company&#8217;s Chief Executive Officer.</div>
      <div><br>
      </div>
      <div style="text-indent: 36pt; color: #000000;">The purchase price is $20.0 million, out of which $11.1 million has been paid with the balance payable over a period of up to seven months, and is expected to be funded with cash on hand. Upon the
        closing of the transaction, the Company will assume the seller&#8217;s obligations under a secured term loan Euro facility with a principal amount of about $14.6 million currently outstanding. The facility bears interest at a rate of 2.3% over the 3
        month Euribor, has principal instalments of about $0.4 million per quarter and matures in August 2030. Top Ships has agreed, following the closing of the transaction and until the purchase price is paid in full, to apply the net proceeds of any
        equity offerings or any excess liquidity arising from debt refinancings by the Company or its subsidiaries toward the purchase price of the vessel. The transaction was approved by a special independent committee of the board of directors of Top
        Ships which also obtained a third-party fairness opinion.</div>
      <br>
      <div style="text-align: justify;">The information contained in this report on Form 6-K is <font style="color: #000000;">hereby incorporated by reference into the Company&#8217;s registration statements on Form F-3 (File Nos. 333-267170, 333-268475 and
          333-267545).</font></div>
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      <div style="text-align: center; font-weight: bold;">SIGNATURES</div>
      <div>&#160;</div>
      <div style="text-align: justify; text-indent: 36pt;">Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.</div>
      <div>&#160;</div>
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            <tr style="vertical-align: top;">
              <td><br>
              </td>
              <td style="font-weight: bold;" colspan="2"><font style="font-family: 'Times New Roman'; font-size: 10pt;"><u>TOP SHIPS INC.</u></font></td>
            </tr>
            <tr style="vertical-align: top;">
              <td><font style="font-family: 'Times New Roman'; font-size: 10pt;">&#160;</font></td>
              <td colspan="2"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(Registrant)</font></td>
            </tr>
            <tr style="vertical-align: top;">
              <td><font style="font-family: 'Times New Roman'; font-size: 10pt;">&#160;</font></td>
              <td colspan="2"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&#160;</font></td>
            </tr>
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              <td style="width: 60%;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&#160;</font></td>
              <td style="width: 5%;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">By:</font></td>
              <td style="width: 35%; border-bottom-color: black; border-bottom-width: 1pt; border-bottom-style: solid;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">/s/ Evangelos J. Pistiolis</font></td>
            </tr>
            <tr style="vertical-align: top;">
              <td><font style="font-family: 'Times New Roman'; font-size: 10pt;">&#160;</font></td>
              <td><font style="font-family: 'Times New Roman'; font-size: 10pt;">Name:</font></td>
              <td><font style="font-family: 'Times New Roman'; font-size: 10pt;">Evangelos J. Pistiolis</font></td>
            </tr>
            <tr style="vertical-align: top;">
              <td><font style="font-family: 'Times New Roman'; font-size: 10pt;">&#160;</font></td>
              <td><font style="font-family: 'Times New Roman'; font-size: 10pt;">Title:</font></td>
              <td><font style="font-family: 'Times New Roman'; font-size: 10pt;">Chief Executive Officer </font></td>
            </tr>

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      <div><br>
      </div>
      <div>Date:&#160; July 19, 2024</div>
      <div> <br>
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