Offerings // TOP SHIPS INC.

TOPS offering history

Every offering-related filing in TOP SHIPS INC.’s recent SEC record — registrations (announced capacity) kept separate from pricing documents (executed sales). Reviewed 936 filings back to Jul 7, 2004.

Last executed offering

May 24, 2024

424B5 — priced deal (shares or notes)

Last registration (announced)

Nov 10, 2026

F-1MEF — capacity, not a sale

Executed, last 12 months

424B pricings + 8-K 3.02 sales

Registered, last 12 months

S-1/S-3/F-series registrations

Date	Filing		What it means
Nov 10, 2026	F-1MEF →	REGISTERED	F-1MEF registration — capacity to sell shares, not a sale yet
Nov 6, 2026	F-3 →	REGISTERED	F-3 registration — capacity to sell shares, not a sale yet
Nov 2, 2026	424B3 →	UPDATE	Prospectus update — often a resale registration, not necessarily new capital
Oct 28, 2026	424B3 →	UPDATE	Prospectus update — often a resale registration, not necessarily new capital
Oct 15, 2026	424B3 →	UPDATE	Prospectus update — often a resale registration, not necessarily new capital
Oct 7, 2026	424B3 →	UPDATE	Prospectus update — often a resale registration, not necessarily new capital
Oct 1, 2026	424B3 →	UPDATE	Prospectus update — often a resale registration, not necessarily new capital
Sep 22, 2026	424B3 →	UPDATE	Prospectus update — often a resale registration, not necessarily new capital
Sep 17, 2026	424B3 →	UPDATE	Prospectus update — often a resale registration, not necessarily new capital
Sep 15, 2026	424B3 →	UPDATE	Prospectus update — often a resale registration, not necessarily new capital
Aug 17, 2026	424B3 →	UPDATE	Prospectus update — often a resale registration, not necessarily new capital
Jul 27, 2026	424B3 →	UPDATE	Prospectus update — often a resale registration, not necessarily new capital
Jul 23, 2026	424B3 →	UPDATE	Prospectus update — often a resale registration, not necessarily new capital
Jun 29, 2026	424B3 →	UPDATE	Prospectus update — often a resale registration, not necessarily new capital
May 15, 2026	RW →	WITHDRAWN	Registration withdrawn
May 15, 2026	424B3 →	UPDATE	Prospectus update — often a resale registration, not necessarily new capital
May 13, 2026	F-1/A →	REGISTERED	F-1/A registration — capacity to sell shares, not a sale yet
May 7, 2026	424B3 →	UPDATE	Prospectus update — often a resale registration, not necessarily new capital
May 7, 2026	EFFECT →	EFFECTIVE	SEC declared a registration effective — selling can begin
Apr 27, 2026	F-1 →	REGISTERED	F-1 registration — capacity to sell shares, not a sale yet
Apr 24, 2026	F-1 →	REGISTERED	F-1 registration — capacity to sell shares, not a sale yet
Sep 30, 2025	F-3/A →	REGISTERED	F-3/A registration — capacity to sell shares, not a sale yet
Sep 30, 2025	EFFECT →	EFFECTIVE	SEC declared a registration effective — selling can begin
Sep 12, 2025	F-3 →	REGISTERED	F-3 registration — capacity to sell shares, not a sale yet
May 24, 2024	424B5 →	EXECUTED	Shelf takedown priced — shares or notes (small-caps: usually shares; open the filing to confirm)
Feb 16, 2023	424B5 →	EXECUTED	Shelf takedown priced — shares or notes (small-caps: usually shares; open the filing to confirm)
Jan 23, 2023	EFFECT →	EFFECTIVE	SEC declared a registration effective — selling can begin
Dec 16, 2022	EFFECT →	EFFECTIVE	SEC declared a registration effective — selling can begin
Dec 6, 2022	424B1 →	EXECUTED	Prospectus supplement priced — shares or notes (large filers: often a bond deal)
Dec 2, 2022	EFFECT →	EFFECTIVE	SEC declared a registration effective — selling can begin
Dec 1, 2022	F-1/A →	REGISTERED	F-1/A registration — capacity to sell shares, not a sale yet
Nov 18, 2022	F-3 →	REGISTERED	F-3 registration — capacity to sell shares, not a sale yet
Nov 18, 2022	F-1/A →	REGISTERED	F-1/A registration — capacity to sell shares, not a sale yet
Oct 20, 2022	F-1/A →	REGISTERED	F-1/A registration — capacity to sell shares, not a sale yet
Oct 11, 2022	424B3 →	UPDATE	Prospectus update — often a resale registration, not necessarily new capital
Oct 11, 2022	424B3 →	UPDATE	Prospectus update — often a resale registration, not necessarily new capital
Oct 7, 2022	424B3 →	UPDATE	Prospectus update — often a resale registration, not necessarily new capital
Sep 28, 2022	424B3 →	UPDATE	Prospectus update — often a resale registration, not necessarily new capital
Sep 27, 2022	424B3 →	UPDATE	Prospectus update — often a resale registration, not necessarily new capital
Sep 22, 2022	F-1 →	REGISTERED	F-1 registration — capacity to sell shares, not a sale yet

TOPS offering-related filings from SEC EDGAR, newest first (capped at 40). Each links to the original document.

Two honest limits. (1) A 424B takedown can price shares or notes — EDGAR’s metadata doesn’t say which, so open the document: large investment-grade filers use these mostly for bond deals (no dilution), small-caps mostly for shares. (2) At-the-market (ATM) programs sell shares gradually and individual sales are not separately filed — the visible footprint is the enabling shelf and its 424B5; actual ATM share counts surface later in the 10-Q/10-K share count. Educational information from public filings, not investment advice.

Is a shelf active now? →Do they need money? →Red flags →Full TOPS workspace →

TOPS offering FAQ

When did TOPS last execute an offering?

Per SEC filings, TOP SHIPS INC.'s most recent priced offering document is a 424B5 filed 2024-05-24. Note a 424B takedown can price shares or notes (debt) — the linked document says which.

When did TOPS last announce or register an offering?

The most recent registration is a F-1MEF filed 2026-11-10. A registration is capacity to sell shares — not a sale.

Does an offering always mean dilution?

Registered direct offerings and shelf takedowns issue new shares and dilute existing holders. Resale registrations (424B3/B7) let existing holders sell and do not create new shares. Secondary sales by insiders also do not dilute. Each row here is labeled with what it is.

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