Top Ships Inc. has announced its intention to spin off a new Nasdaq-listed Suezmax tanker company. The company is taking advantage of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995, as indicated in the cautionary statement included with this announcement. Forward-looking statements using terms like ‘believe,’ ‘anticipate,’ ‘intends,’ and others are based on various assumptions, including historical operating trends and data from third parties. While these assumptions were considered reasonable at the time, uncertainties and contingencies beyond the company’s control may impact the achievement of these expectations. For a detailed discussion of risks and uncertainties, refer to the Securities and Exchange Commission filings. The information provided is current as of the release date, and the company disclaims any obligation to update forward-looking statements based on future developments.
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