Seanergy Maritime Holdings Corp. SC 13D/A Filing Update

TL;DR

Economou filed an SC 13D/A for Seanergy Maritime Holdings Corp. on 3/5/24.

AI Summary

On March 5, 2024, Seanergy Maritime Holdings Corp. filed an amendment (Amendment No. 5) to its Schedule 13D. This filing indicates changes in beneficial ownership by George Economou, who is listed as a filer. The filing also names Kleanthis Costa Spathias as a person authorized to receive notices, with an address in Nicosia, Cyprus.

Why It Matters

This filing provides updated information on the beneficial ownership of Seanergy Maritime Holdings Corp., which can influence investor perception and trading strategies.

Risk Assessment

Risk Level: medium — Schedule 13D filings often signal significant changes in a company's ownership structure, which can lead to increased volatility.

Key Players & Entities

• Seanergy Maritime Holdings Corp. (company) — Subject Company
• George Economou (person) — Filer
• Kleanthis Costa Spathias (person) — Authorized to Receive Notices
• MARYPORT NAVIGATION CORP. (company) — Group Member
• SPHINX INVESTMENT CORP. (company) — Group Member

FAQ

Key Financial Figures

• $0.0001 — e of Issuer) Common Shares, par value $0.0001 per share (Title of Class of Securiti
• $454,147 — on Shares for a total purchase price of $454,147 including fees and expenses. The source
• $250,000 — mely, the issuance to Mr. Tsantanis for $250,000 of the Issuer’s super-voting Seri

Filing Documents

• tm247973-1_sc13da.htm (SC 13D/A) — 52KB
• tm247973d1_ex99-2.htm (EX-99.2) — 22KB
• tm247973d1_ex99-3.htm (EX-99.3) — 80KB
• 0001104659-24-031025.txt ( ) — 155KB

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 26, 2024, through and including January 31, 2024, Sphinx purchased an additional 59,069 Common Shares for a total purchase price of $454,147 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: “On March 4, 2024, Sphinx, one of the Reporting Persons, commenced litigation in the Republic of the Marshall Islands against Stamatis Tsantanis, Christina Anagnostara, Dimitrios Anagnostopoulos, Elias Culucundis, Ioannis (John) Kartsonas (the “ Director Defendants ”) and the Issuer by filing a complaint in the High Court of the Republic of the Marshall Islands. The complaint alleges, among other things, that by approving a transaction—namely, the issuance to Mr. Tsantanis for $250,000 of the Issuer’s super-voting Series B Preferred Stock—that in Sphinx’s view disenfranchised outsider stockholders, had no economic rationale, and gave Mr. Tsantanis and other members of the Board perpetual control over the Issuer without obtaining a control premium for the Issuer’s outsider stockholders, the Director Defendants put their own interests and the interests of Mr. Tsantanis above the Issuer’s interests, thereby breaching their fiduciary duties and causing continued harm to Sphinx. The complaint seeks, among other things, to void and cancel the Series B Preferred Stock issued to Mr. Tsantanis, to cancel the certificate of designation for the Series B Preferred Stock, to prohibit Mr. Tsantanis from exercising the voting rights of the Series B Preferred Stock and to prohibit the Issuer from recognizing any such votes purportedly cast. A copy of the complaint is attached hereto as Exhibit 99.3.” -5- 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 1,859,096 Common Shares (the “ Subject Shares ”) reported herein, which represent approximately 9.5% 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 1,859,096 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 1,859,096 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 1,859,096 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 1,859,096 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 1,859,096 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 1,859,096 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 7. Material to be Filed as Exhibits. Exhibit 99.1 Joint Filing Agreement, dated November 24,

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: March 5, 2024 SPHINX INVESTMENT CORP. By: Levante Services Limited By: /s/ Kleanthis Costa Spathias Kleanthis Costa Spathias Director Date: March 5, 2024 MARYPORT NAVIGATION CORP. By: Levante Services Limited By: /s/ Kleanthis Costa Spathias Kleanthis Costa Spathias Director Date: March 5, 2024 GEORGE ECONOMOU By: /s/ George Economou George Economou

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