The Court dismissed Economou's litigation against Seanergy Maritime Holdings Corp.

The High Court of the Republic of the Marshall Islands dismissed the litigation brought by George Economou through his entity Sphinx Investment Corp. against Seanergy Maritime Holdings Corp. for a temporary restraining order which sought to delay the Company’s 2024 Annual Meeting of Shareholders (the “2024 Annual Meeting”).
- The Company issued the following statement:
- The Seanergy Board of Directors is pleased that the Court has dismissed the litigation that Economou brought against Seanergy and its Board members. We are moving forward with our regularly scheduled 2024 Annual Meeting.
The Company and our shareholders are benefitting from the strategic actions that the Board and management team are taking, and they are poised to continue to do so through the cycle and beyond.
- Our Board strongly recommends that shareholders vote on the WHITE proxy card “FOR” Seanergy’s nominees and “AGAINST” Economou’s proposals.
Seanergy Maritime Holdings Corp. is a prominent pure-play Capesize shipping company publicly listed in the U.S. Seanergy provides marine dry bulk transportation services through a modern fleet of Capesize vessels. 
The Company’s operating fleet consists of 19 vessels (1 Newcastlemax and 18 Capesize) with an average age of approximately 13.5 years and an aggregate cargo carrying capacity of approximately 3,417,608 dwt.