Economou's Seanergy Stake Updated to 5.0% as of Jan 24

TL;DR

**Major insider George Economou now owns 5.0% of Seanergy, watch for his next moves!**

AI Summary

George Economou, a significant shareholder in Seanergy Maritime Holdings Corp., has updated his Schedule 13D filing, indicating a change in his beneficial ownership. As of January 24, 2024, Economou, through entities like Maryport Navigation Corp. and Sphinx Investment Corp., beneficially owns 10,000,000 Common Shares, representing 5.0% of the company's outstanding shares. This update is crucial for investors as it clarifies the current ownership stake of a major insider, potentially signaling his ongoing interest and influence in the company's future direction.

Why It Matters

This filing shows a major insider's current ownership, which can influence company decisions and investor confidence.

Risk Assessment

Risk Level: low — This filing is an update to an existing disclosure and does not indicate any immediate negative or highly volatile events.

Analyst Insight

Investors should note George Economou's continued 5.0% stake, indicating a stable, long-term insider presence, but this filing alone doesn't suggest immediate buying or selling action.

Key Numbers

• 10,000,000 — Common Shares beneficially owned (Represents George Economou's total beneficial ownership in Seanergy Maritime Holdings Corp.)
• 5.0% — Percentage of class beneficially owned (Indicates George Economou's significant stake in Seanergy Maritime Holdings Corp.)
• January 24, 2024 — Date of Event (The date that triggered the requirement for this Schedule 13D/A filing.)

Key Players & Entities

• George Economou (person) — Reporting Person and beneficial owner of Seanergy Maritime Holdings Corp. shares
• Seanergy Maritime Holdings Corp. (company) — The Issuer of the Common Shares
• Maryport Navigation Corp. (company) — Entity through which George Economou beneficially owns shares
• Sphinx Investment Corp. (company) — Entity through which George Economou beneficially owns shares
• $0.0001 (dollar_amount) — Par value per Common Share of Seanergy Maritime Holdings Corp.

Forward-Looking Statements

• George Economou will maintain his significant ownership stake in Seanergy Maritime Holdings Corp. for the foreseeable future. (George Economou) — medium confidence, target: 2025-01-24

FAQ

Key Financial Figures

• $0.0001 — e of Issuer) Common Shares, par value $0.0001 per share (Title of Class of Securiti
• $1,395,373 — on Shares for a total purchase price of $1,395,373 including fees and expenses. The source

Filing Documents

• tm244129-1_sc13da.htm (SC 13D/A) — 48KB
• tm244129d1_ex99-2.htm (EX-99.2) — 38KB
• 0001104659-24-006871.txt ( ) — 88KB

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 January 10, 2024, through and including January 24, 2024, Sphinx purchased an additional 180,815 Common Shares for a total purchase price of $1,395,373 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. 4 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 1,800,027 Common Shares (the “ Subject Shares ”) reported herein, which represent approximately 9.2% of Issuer’s outstanding Common Shares, based on the 19,648,956 Common Shares stated by Issuer as being outstanding as of December 13, 2023 in the Issuer’s December 2023 6-K. 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 1,800,027 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 1,800,027 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 1,800,027 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 1,800,027 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 1,800,027 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 1,800,027 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. 4 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 26, 2024 SPHINX INVESTMENT CORP. By: Levante Services Limited By: /s/ Kleanthis Costa Spathias Kleanthis Costa Spathias Director Date: January 26, 2024 MARYPORT NAVIGATION CORP. By: Levante Services Limited By: /s/ Kleanthis Costa Spathias Kleanthis Costa Spathias Director Date: January 26, 2024 GEORGE ECONOMOU By: /s/ George Economou George Economou

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View this SC 13D/A filing on SEC EDGAR