Benzinga | Jan 22, 2021 09:18AM EST

Global Ship Lease Prices 5.4M Share Common Stock Offering At $13/Share

LONDON, Jan. 22, 2021 (GLOBE NEWSWIRE) -- Global Ship Lease, Inc. (NYSE:GSL) (the "Company") announced today the pricing of its previously announced underwritten public offering (the "Offering") of 5,400,000 shares of its Class A common stock, par value $0.01 per share (the "Common Shares") at a public offering price of $13.00 per Common Share. The Company has granted the underwriters a 30-day option to purchase up to an additional 810,000 Common Shares. The Offering will result in gross proceeds to the Company of $70.2 million (or $80.7 million if the underwriters' option to purchase additional Common Shares is exercised in full) prior to deducting underwriting discounts, commissions and other offering expenses.