Dryships Inc. Reports Updated Key Financial Information Post Reverse Stock Split


DryShips Inc. a diversi-fied owner of ocean going cargo vessels, today reports its updated key financial information giving effect to the reverse stock split on June 22, 2017:

Key Financial Information as of June 22, 2017, post reverse stock split:

– Cash and cash equivalents: approximately $113.1 million (or $20.01 per share)

– Book value of vessels, net: approximately $529.1 million (or $93.61 per share)

– Debt outstanding balance: approximately $200.0 million

– Equity, book value: approximately $442.2 million (or $78.23 per share)

– Number of Shares Outstanding: 5,652,257


The Company is a diversified owner of ocean going cargo vessels that operate worldwide. The Company owns a fleet of (i) 13 Panamax drybulk vessels; (ii) 4 Newcastlemax drybulk vessels, 3 of which are expected to be delivered in the second quarter of 2017; (iii) 5 Kamsarmax drybulk vessels; (iv) 1 Very Large Crude Carrier; (v) 2 Aframax tankers; (vi) 1 Suezmax tanker; (vii) 4 Very Large Gas Carriers which are expected to be delivered in June, September October and December of 2017; and (viii) 6 offshore support vessels, com-prising 2 platform supply and 4 oil spill recovery vessels.

DryShips’ common stock is listed on the NASDAQ Capital Market where it trades under the symbol “DRYS”.

Source: DryShips Inc.

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