Ardmore Shipping Corp

NYSE:ASC   3:58:13 PM EDT
4.67
-0.01 (-0.21%)
Debt Financing / Related, Strategic Combinations, Equity Financing / Related

Ardmore Shipping Announces Investment And Joint Venture With Element 1 And Maritime Partners Llc

Published: 03/15/2021 20:24 GMT
Ardmore Shipping Corp (ASC) - Ardmore Shipping Announces Strategic Investment and Joint Venture With Element 1 Corp.
and Maritime Partners Llc to Deliver Hydrogen Power to the Marine Sector.
Ardmore Shipping Corp - Ardmore, E1 and Mp Will Establish "e1 Marine," Each Owning 33.3% of Joint Venture.
Ardmore Shipping Corp - Ardmore Will Purchase a 10% Equity Stake in E1 in Exchange for $4 Million Cash Plus 950,000 Asc Common Shares.