Economou Amends Seanergy Stake, Signals Potential Ownership Shift

TL;DR

**George Economou just updated his Seanergy stake, watch for potential moves!**

AI Summary

George Economou, a significant shareholder in Seanergy Maritime Holdings Corp., filed an amended Schedule 13D on January 8, 2024. This amendment, filed by Economou and his associated entities Maryport Navigation Corp. and Sphinx Investment Corp., indicates a change in their beneficial ownership or intent regarding Seanergy's common shares. This matters to investors because large shareholder filings can signal potential shifts in corporate control, strategic direction, or future stock activity, making it crucial to monitor Economou's stake and intentions.

Why It Matters

This filing signals that a major insider, George Economou, has updated his position or intentions regarding Seanergy, which could precede further buying, selling, or influence on company strategy.

Risk Assessment

Risk Level: medium — Changes in significant shareholder filings can introduce uncertainty regarding future stock performance or corporate governance.

Analyst Insight

Investors should monitor subsequent filings by George Economou for Seanergy Maritime Holdings Corp. to understand any changes in his beneficial ownership percentage or stated intentions, as these could impact the stock's future direction.

Key Numbers

• $0.0001 — Par Value per Share (The par value of Seanergy Maritime Holdings Corp.'s common shares.)

Key Players & Entities

• George Economou (person) — reporting person and significant shareholder
• Seanergy Maritime Holdings Corp. (company) — the subject company (issuer) of the securities
• Maryport Navigation Corp. (company) — group member associated with George Economou
• Sphinx Investment Corp. (company) — group member associated with George Economou
• $0.0001 (dollar_amount) — par value per common share of Seanergy Maritime Holdings Corp.

Forward-Looking Statements

• George Economou and his associated entities will continue to be active in monitoring and potentially influencing Seanergy Maritime Holdings Corp.'s strategic decisions. (George Economou) — medium confidence, target: 2025-01-10

FAQ

Key Financial Figures

• $0.0001 — e of Issuer) Common Shares, par value $0.0001 per share (Title of Class of Securiti
• $1,577,107 — on Shares for a total purchase price of $1,577,107 including fees and expenses. The source

Filing Documents

• tm242580d1_sc13da.htm (SC 13D/A) — 49KB
• tm242580d1_ex99-2.htm (EX-99.2) — 39KB
• 0001104659-24-002814.txt ( ) — 89KB

of the Initial 13D is hereby supplemented

Item 3 of the Initial 13D is hereby supplemented by adding the following paragraph to the end thereof: “From and including December 14, 2023, through and including January 10, 2024, Sphinx purchased an additional 208,273 Common Shares for a total purchase price of $1,577,107 including fees and expenses. The source of funds used by Sphinx to purchase the Common Shares is its working capital. Unless noted above, no part of the purchase price for such Common Shares was borrowed by any Reporting Person for the purpose of acquiring, holding, trading or voting any securities discussed in this Item 3.” Item 4. Purpose of Transaction.

of the Initial 13D is hereby supplemented

Item 4 of the Initial 13D is hereby supplemented by adding the following paragraph to the end thereof: “The response to Item 3 of Amendment No. 3 to the Initial 13D is incorporated herein by reference.” Item 5. Interest in Securities of the Issuer.

of the Initial 13D is hereby amended and restated

Item 5 of the Initial 13D is hereby amended and restated as set forth below: “(a), (b) The Reporting Persons each may be deemed to beneficially own all of the 1,619,212 Common Shares (the “ Subject Shares ”) reported herein, which represent approximately 8.2% of Issuer’s outstanding Common Shares, based on the 19,648,956 Common Shares Sphinx has the sole power to vote or direct the vote of 0 Common Shares; has the shared power to vote or direct the vote of 1,619,212 Common Shares; has the sole power to dispose or direct the disposition of 0 Common Shares; and has the shared power to dispose or direct the disposition of 1,619,212 Common Shares. Maryport has the sole power to vote or direct the vote of 0 Common Shares; has the shared power to vote or direct the vote of 1,619,212 Common Shares; has the sole power to dispose or direct the disposition of 0 Common Shares; and has the shared power to dispose or direct the disposition of 1,619,212 Common Shares. Mr. Economou has the sole power to vote or direct the vote of 0 Common Shares; has the shared power to vote or direct the vote of 1,619,212 Common Shares; has the sole power to dispose or direct the disposition of 0 Common Shares; and has the shared power to dispose or direct the disposition of 1,619,212 Common Shares. (c) Other than as described herein or on Exhibit 99.2 (as amended and restated and filed herewith), which is incorporated herein by reference, no transactions of Common Shares were effected by the Reporting Persons during the past 60 days. (d) Except as set forth above in this Item 5, no other person is known to have the right to receive or the power to direct the receipt of dividends from, or the proceeds from the sale of, the Common Shares. (e) Not applicable.” Item 6. Contracts, Arrangements, Understandings or Relationships with Respect to Securities of the I

of the Initial 13D is hereby supplemented

Item 6 of the Initial 13D is hereby supplemented by adding the following paragraph to the end thereof: The responses to Items 3 and 4 of Amendment No. 3 to the Initial 13D are incorporated herein by reference. Except as disclosed in this Schedule 13D, there are no contracts, arrangements, understandings or relationships (legal or otherwise) among the Reporting Persons and between the Reporting Persons and any other person with respect to any securities of the Issuer, including but not limited to, transfer or voting of any of the securities, finder’s fees, joint ventures, loan or option arrangements, puts or calls, guarantees of profits, division of profits or loss, or the giving or withholding of proxies. Item 7. Material to be Filed as Exhibits. Exhibit 99.1 Joint Filing Agreement, dated November 24, 2023, by and among the Reporting Persons.* Exhibit 99.2 Trading Data * Previously filed

SIGNATURES

SIGNATURES After reasonable inquiry and to the best of my knowledge and belief, the undersigned certifies that the information set forth in this statement is true, complete and correct. Date: January 10, 2024 SPHINX INVESTMENT CORP. By: Levante Services Limited By: /s/ Kleanthis Costa Spathias Kleanthis Costa Spathias Director Date: January 10, 2024 MARYPORT NAVIGATION CORP. By: Levante Services Limited By: /s/ Kleanthis Costa Spathias Kleanthis Costa Spathias Director Date: January 10, 2024 GEORGE ECONOMOU By: /s/ George Economou George Economou

View Full Filing

View this SC 13D/A filing on SEC EDGAR