$UNITED MARITIME CORPORATION(USEA)$

Stamatis Tsantanis, the Company’s Chairman & Chief Executive Officer, stated:

“We are pleased to announce the successful completion of our initial buyback plan, which has been highly accretive to our net asset value and cash flow per share for our shareholders.

“Considering the attractive valuation environment and positive earnings outlook of the tanker sector, we maintain our view that our share price is significantly undervalued at these levels. Therefore, we are proceeding with another substantial buyback plan.”

The Plan

The Company may repurchase common shares pursuant to Rule 10b-18 of the Securities Exchange Act of 1934, as amended, or pursuant to a trading plan adopted in accordance with Rule 10b5‐1 of the Securities Exchange Act of 1934.

Any repurchases pursuant to the Plan will be made at management’s discretion at prices considered to be attractive and in the best interests of both the Company and its shareholders, subject to the availability of stock, general market conditions, the trading price of the stock, alternative uses for capital, applicable securities laws and the Company’s financial performance. The Plan may be suspended, terminated, or modified at any time for any reason, including market conditions, the cost of repurchasing shares, the availability of alternative investment opportunities, liquidity, and other factors deemed appropriate. These factors may also affect the timing and amount of share repurchases. The Plan does not obligate the Company to purchase any of its shares under the Plan. The Board of Directors’ authorization of the Plan is effective immediately and expires on March 31, 2023.

About United Maritime Corporation

United Maritime Corporation is an international shipping company specializing in worldwide seaborne transportation services. The Company’s fleet consists of four tanker vessels and one dry bulk vessel with an aggregate cargo carrying capacity of approximately 616,884 dwt.The Company is incorporated under the laws of the Republic of the Marshall Islands and has executive offices in Glyfada, Greece. The Company's common shares trade on the Nasdaq Capital Market under the symbol “USEA”.

# US Stocks Opportunities

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  • YeddaJohnson
    ·2022-09-25
    looking good, feeling good. Thinking the company bought some shares today knowing it has new eyes on it. I think closing above 1.92 is bullish, now let's see if it's new support and holding this area is key for now
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  • jeffry09
    ·2022-09-25
    USEA shows a strong growth in EPS: 98.88%.
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    • cy8Replying toE1
      yes
      2022-10-26
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    • E1
      ok
      2022-10-26
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  • YvetteGunther
    ·2022-09-25
    I averaged down a while ago to 1.76 in hopes of getting out with some profit. I feel good about the direction this is going so I'll keep holding for more gains
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  • Nataneal
    ·2022-10-26
    Good
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  • ShawnKoh1
    ·2022-10-26
    ok
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  • WM.
    ·2022-10-26
    like
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  • Huiz84
    ·2022-10-26
    K
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  • Greenhulk
    ·2022-10-26
    ppkp
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  • Pauline122
    ·2022-10-26
    Ok
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  • GreenMan123
    ·2022-10-26
    okok
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  • Skrain
    ·2022-09-25
    like
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