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TOPS 6-K: Divestiture

TOP Ships Inc.

Filed with the SEC on · accession 0001171843-26-007423

TOPS filed a 6-K (foreign company report) with the SEC on Nov 13, 2026. TOP Ships Inc. entered into a Share Purchase Agreement to sell two special purpose vehicles, each holding a shipbuilding contract for a 47,499 dwt chemical/product oil tanker, to Rubico Inc., a related party, for $14.5 million.

Summary of the filing

TOP Ships Inc. entered into a Share Purchase Agreement to sell two special purpose vehicles, each holding a shipbuilding contract for a 47,499 dwt chemical/product oil tanker, to Rubico Inc., a related party, for $14.5 million. The transaction was approved by a special committee of independent directors with a fairness opinion.

For details, click here →How to read a 6-K →

Key details

Purchase price for all shares of the SPVs$14.5M
Aggregate pre-delivery installments payable under shipbuilding contract per vessel$45.2M
Pre-delivery installments already settled per vessel$6.8M
Quarterly installment payments per vessel under financing$500K
Balloon payment per vessel payable with last installment$18.2M
SellerTOP Ships Inc.
Buyer, related partyRubico Inc.
Spv being soldRoman Shark II Inc.
Spv being soldRoman Shark X Inc.
ShipbuilderGuangzhou Shipyard International Company Limited
ShipbuilderChina Shipbuilding Trading Co., Ltd.
Sale and leaseback financing providerCIB Financial Leasing Co., LTD
Chief executive officerEvangelos J. Pistiolis

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Frequently asked questions

What did TOPS file with the SEC on Nov 13, 2026?

TOPS filed a 6-K (Divestiture). TOP Ships Inc. entered into a Share Purchase Agreement to sell two special purpose vehicles, each holding a shipbuilding contract for a 47,499 dwt chemical/product oil tanker, to Rubico Inc., a related party, for $14.5 million. The transaction was approved by a special committee of independent directors with a fairness opinion.

What does a divestiture mean for TOPS stock?

A contract important enough that investors need to know about it — a big customer contract, a loan, a merger agreement or a partnership.

How do I read a 6-K?

How foreign companies listed in the US report news and events — like an 8-K for them. Look at the exhibit names: "results", "resign", "notice" tell you the topic. Many 6-Ks are routine (meeting notices); results and leadership changes matter most.

Why are SEC filings important?

Public companies must tell the SEC about anything that can change their value — results, leadership changes, big deals, new shares, bankruptcy. Filings are the official source, often before the news. A 6-K (foreign company report): How foreign companies listed in the US report news and events — like an 8-K for them.

Other TOPS SEC filings

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