Cetus Maritime Mulls Private Placement, Listing on Euronext Growth Oslo

12:30 PM EST, 11/10/2026 (MT Newswires) -- Cetus Maritime Holdings tapped advisers for a potential private placement and subsequent listing on Euronext Growth Oslo, according to a Tuesday release. The Hong Kong-based dry bulk shipping company is considering an offering of up to 95.6 million new shares at $1.83 each, for gross proceeds of the Norwegian krone equivalent of $175 million, with an overallotment option that could bring the total to $200 million. Proceeds will fund vessel acquisitions, newbuild payments, and general corporate and working capital requirements. The private placement's application period will run from Tuesday to Thursday. Clarksons Securities and DNB Carnegie will act as joint global coordinators and bookrunners, with Nordea Bank as joint bookrunner. Cetus expects to begin trading on Euronext Growth Oslo on Nov. 18 under the ticker CTUS, subject to required approvals and completion of the placement.