Castor Maritime Inc. Extends Tender Offer to Purchase its Outstanding Common Share Purchase Warrants Issued on April 7, 2021

LIMASSOL, Cyprus, May 16, 2024 (GLOBE NEWSWIRE) -- Castor Maritime Inc. (NASDAQ: CTRM), (“Castor” or the “Company”), a diversified global shipping company, announces today that it has extended the expiration date of its previously announced tender offer (the “Offer”) to purchase all of its outstanding Common Share Purchase Warrants issued on April 7, 2021 (the “Warrants”). The Offer is now scheduled to expire at 5:00 P.M. Eastern Time on May 31, 2024, unless further extended.

The Offer was previously scheduled to expire at 5:00 P.M. Eastern Time on May 20, 2024. The other terms of the Offer are as set forth in the Offer to Purchase dated April 22, 2024, as amended on May 16, 2024 and the Schedule TO including the exhibits thereto, dated April 22, 2024, as amended on May 16, 2024, each as amended and supplemented from time to time, and each of which have been filed with the U.S. Securities and Exchange Commission (“SEC”) and more fully set forth the terms and conditions of the Offer. The Company has filed an Amendment on Schedule TO with amended exhibits, including an Amended and Restated Offer to Purchase, and the Amendment may be accessed from the SEC’s website at www.sec.gov.

Important Additional Information about the Offer

This press release is for informational purposes only and is not a recommendation to buy or sell the Warrants or any other securities, and it is neither an offer to purchase nor a solicitation of an offer to sell Warrants or any other securities. The Company has filed an Issuer Tender Offer Statement on Schedule TO (the “Schedule TO”), including as exhibits, among other things, the Offer to Purchase, Letter of Transmittal and related materials, with the SEC. The Offer is only being made pursuant to the Offer to Purchase and related Letter of Transmittal filed as a part of the Schedule TO. Warrantholders should read carefully the Offer to Purchase and related Letter of Transmittal and the Schedule TO, including all exhibits, attachments, amendments and/or supplements thereto, prior to making any decision with respect to the Offer because such documents contain important information, including the various terms of, and conditions to, the Offer. Investors may obtain a free copy of the Schedule TO, the Offer to Purchase, the Letter of Transmittal and other documents that the Company has filed with the SEC at the SEC’s website at www.sec.gov. Holders of the Warrants may also request additional copies of Offer to Purchase and related Letter of Transmittal by contacting the Company at [e-mail] or 223 Christodoulou Chatzipavlou Street, Hawaii Royal Gardens, 3036 Limassol, Cyprus, in each case directed to the attention of Petros Panagiotidis.