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Tuesday, March 4, 2025

Equity Corporate Actions Alert #2025 - 103
Spin-Off/Distribution Information for Euroseas Ltd. (ESEA)

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  • Industry Announcement

Markets Impacted:

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On February 27, 2025, Euroseas Ltd. Common Stock (ESEA) announced a spin-off of its subsidiary Euroholdings Ltd. The EX distribution when-issued market of Euroseas Ltd. (ESEAV) and the when-issued market for Euroholdings Ltd. Common Stock (EHLDV) is expected to begin trading on Nasdaq on Friday, March 7, 2024. Pending SEC effectiveness. The details for the spin-off and when-issued markets are as follows:

Parent Company/Issue: Euroseas Ltd. Common Stock
CUSIP: Y23592135
Symbol: ESEA
Record Date: March 7, 2025
Payment Date: March 17, 2025
EX Date: March 18, 2025; Pending SEC effectiveness
Due Bill Redemption Date: March 18, 2025
Ratio of Spin-Off/ Distribution:
 One (1) share of Euroholdings Ltd, Inc. Common Stock (EHLD) for two and a half (2.5) shares held of Euroseas Ltd. (ESEA) held.

An EX distribution when issued market will be established for Euroseas Ltd. Trades in the EX distribution when issued market will not carry due-bills for the spin off/distribution. The details for the EX distribution when-issued market are as follows:

Symbol: ESEAV
CUSIP: Y23592143
First Trade Date: March 7, 2025
Anticipated Suspension Date: March 17, 2025
Settlement Date: March 19, 2025

A when-issued market will be established for the shares of Euroholdings Ltd. (EHLDV). The symbol will change to EHLD on March 18, 2025. The details for the when issued market are as follows:

Symbol: EHLDV
CUSIP: Y234DY109
First Trade Date: March 7, 2025
Regular Way Trading Begins: March 18, 2025
Settlement Date: March 19, 2025

For information regarding this announcement, contact Nasdaq Corporate Data Operations at +1 877 308 0523.

If you would like to register as a market maker in ESEAV or EHLDV contact Nasdaq Trading Services at +1 212 231 5100.

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