• Live Feeds
    • Press Releases
    • Insider Trading
    • FDA Approvals
    • Analyst Ratings
    • Insider Trading
    • SEC filings
    • Market insights
  • Analyst Ratings
  • Alerts
  • Subscriptions
  • Settings
  • RSS Feeds
Quantisnow Logo
  • Live Feeds
    • Press Releases
    • Insider Trading
    • FDA Approvals
    • Analyst Ratings
    • Insider Trading
    • SEC filings
    • Market insights
  • Analyst Ratings
  • Alerts
  • Subscriptions
  • Settings
  • RSS Feeds
PublishDashboard
    Quantisnow Logo

    © 2025 quantisnow.com
    Democratizing insights since 2022

    Services
    Live news feedsRSS FeedsAlertsPublish with Us
    Company
    AboutQuantisnow PlusContactJobsAI employees
    Legal
    Terms of usePrivacy policyCookie policy

    SEC Form 6-K filed by Heidmar Maritime Holdings Corp.

    6/9/25 6:03:51 AM ET
    $HMR
    Marine Transportation
    Consumer Discretionary
    Get the next $HMR alert in real time by email
    6-K 1 heid_6-k_7jun.htm 6-K 6-K

     

     

     

     

     

     

     

    UNITED STATES

    SECURITIES AND EXCHANGE COMMISSION

    Washington, D.C. 20549

     

    FORM 6-K

     

     

    REPORT OF FOREIGN PRIVATE ISSUER PURSUANT TO SECTION 13A-16 OR 15D-16

    UNDER THE SECURITIES EXCHANGE ACT OF 1934

    For the month of June 2025

    Commission File Number: 001-42534

    Heidmar Maritime Holdings Corp.

    (Translation of registrant’s name into English)

     

    Akti Miaouli 89

    Piraeus, Greece, 18538

    +30 216-002-4900

    (Address of principal executive office)

     

     

     

    Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F.

     

    Form 20-F ☒ Form 40-F ☐

     

     

     

     


     

    INFORMATION CONTAINED IN THIS FORM 6-K REPORT

    Common Share Purchase Agreement

     

    On June 6, 2025, Heidmar Maritime Holdings Corp. (the “Company”) entered into a Common Share Purchase Agreement (the “Purchase Agreement”) with B. Riley Principal Capital II, LLC (“B. Riley Principal Capital II”). Pursuant to the Purchase Agreement, the Company has the right to sell to B. Riley Principal Capital II up to $20.0 million of its common shares, $0.001 par value per share (the “Common Shares”), subject to certain limitations and conditions set forth in the Purchase Agreement, from time to time during the term of the Purchase Agreement. Sales of Common Shares pursuant to the Purchase Agreement, and the timing of any sales, are solely at the option of the Company, and the Company is under no obligation to sell any securities to B. Riley Principal Capital II under the Purchase Agreement.

     

    Upon the initial satisfaction of the conditions to B. Riley Principal Capital II’s purchase obligations set forth in the Purchase Agreement (the “Commencement”), including that the Initial Registration Statement (as defined below) required to be filed by the Company pursuant to the Registration Rights Agreement (as defined below) described under “Registration Rights Agreement” below has been declared effective by the Securities and Exchange Commission, the Company will have the right, but not the obligation, from time to time at its sole discretion over the 36-month period beginning on the date the Commencement occurs (the “Commencement Date”), to direct B. Riley Principal Capital II to purchase a specified number of the Company’s Common Shares, not to exceed certain limitations as set forth in the Purchase Agreement (each, a “Purchase”). Any such direction will be made by the Company timely delivering written notice to B. Riley Principal Capital II (each, a “Purchase Notice”) prior to 9:00 a.m., New York City time, on any trading day (each, a “Purchase Date”), subject to certain requirements as set forth in the Purchase Agreement.

     

    From and after Commencement, the Company will control the timing and amount of any sales of its Common Shares to B. Riley Principal Capital II. Actual sales of the Company’s Common Shares to B. Riley Principal Capital II under the Purchase Agreement will depend on a variety of factors to be determined by the Company from time to time, including, among other things, market conditions, the trading price of the Company’s Common Shares and determinations by the Company as to the appropriate sources of funding for the Company’s business and operations.

     

    The per share purchase price that B. Riley Principal Capital II is required to pay for the Company’s Common Shares in a Purchase effected by the Company pursuant to the Purchase Agreement, if any, will be equal to 97% of the volume weighted average price of the Company’s Common Shares (the “VWAP”), calculated in accordance with the Purchase Agreement, during the applicable Purchase Date (the “Purchase Valuation Period”). The Company may elect in the applicable Purchase Notice that the Purchase Valuation Period will also be determined by the Minimum Price Threshold (as defined below), such time that the trading price of the Company’s Common Shares on Nasdaq during such Purchase Valuation Period (calculated in accordance with the Purchase Agreement) falls below the applicable minimum price threshold for such Purchase specified by the Company in the Purchase Notice for such Purchase, or if the Company does not specify a minimum price threshold in such Purchase Notice, a price equal to 75% of the closing sale price of the Company’s Common Shares on the trading day immediately prior to the applicable Purchase Date for such Purchase (the “Minimum Price Threshold”).

     

    In addition to the regular Purchases described above, after the Commencement, the Company will also have the right, but not the obligation, subject to the continued satisfaction of the conditions set forth in the Purchase Agreement, to direct B. Riley Principal Capital II to purchase, on any trading day, including the same Purchase Date on which a regular Purchase is effected, a specified number of the Company’s Common Shares, not to exceed certain limitations set forth in the Purchase Agreement (each, an “Intraday Purchase”). Any such direction will be made by the Company delivering to B. Riley Principal Capital II an irrevocable written purchase notice, after 10:00 a.m., New York City time (and after the Purchase Valuation Period for any prior regular Purchase (if any) and the Intraday Purchase Valuation Period for the most recent prior Intraday Purchase effected on the same Purchase Date (if any) have ended), and prior to 3:30 p.m., New York City time, on such Purchase Date.

     

    The per share purchase price for the Company’s Common Shares that it elects to sell to B. Riley Principal Capital II in an Intraday Purchase pursuant to the Purchase Agreement, if any, will be calculated in the same manner as in the case of a regular Purchase (including the same fixed percentage discounts to the applicable VWAP as in the case of a regular Purchase, as described above), provided that the VWAP for each Intraday Purchase effected on a Purchase Date will be calculated over different periods during the regular trading session on Nasdaq on such Purchase Date, each of which will commence and end at different times on such Purchase Date.

    There is no upper limit on the price per share that B. Riley Principal Capital II could be obligated to pay for the Company’s Common Shares that the Company may elect to sell to it in any Purchase or any Intraday Purchase under the Purchase Agreement. In the case of Purchases and Intraday Purchases effected by the Company under the Purchase Agreement, if any, all share and dollar amounts used in determining the purchase price per share of the Company’s Common Shares to be purchased by B. Riley Principal Capital II in a Purchase or an Intraday Purchase (as applicable), or in determining applicable threshold amounts in connection with any such Purchase or Intraday Purchase (as applicable), in each case, will be equitably adjusted for any reorganization, recapitalization, non-cash dividend, share split, reverse share split or other similar transaction occurring during any period used to calculate such per share purchase price, maximum purchase share amounts or applicable volume or price threshold amounts.

     

    The Common Shares that may be issued under the Purchase Agreement are being offered and sold in transactions exempt from registration under the Securities Act of 1933, as amended, in reliance on the exemption afforded under Section 4(a)(2) thereof.

     

    The net proceeds to the Company from sales that it elects to make to B. Riley Principal Capital II under the Purchase Agreement, if any, will depend on the frequency and prices at which the Company sells its Common Shares to B. Riley Principal Capital II. The Company expects that any proceeds it receives from such sales to B. Riley Principal Capital II will be used to fund its growth initiatives (including vessel acquisitions), and for working capital and general corporate purposes.

     

    The Purchase Agreement will automatically terminate on the earliest to occur of (i) the first day of the month following the third anniversary of the Commencement Date; (ii) the date on which B. Riley Principal Capital II shall have purchased from the Company, pursuant to all VWAP Purchases and Intraday VWAP Purchases that have occurred and fully settled under the Purchase Agreement its Common Shares for an aggregate gross purchase price of $20.0 million; (iii) the date on which the Company’s Common Shares shall have failed to be listed or quoted on Nasdaq or another U.S. national securities exchange identified as an “eligible market” in the Purchase Agreement (“Eligible Market”) for one trading day; (iv)

     


     

    the 30th trading day next following the date on which, pursuant to or within the meaning of any Bankruptcy Law, the Company commences a voluntary case or any Person commences a proceeding against the Company, in each case that is not discharged or dismissed prior to such 30th trading day; and (v) the date on which, pursuant to or within the meaning of any Bankruptcy Law, a Custodian is appointed for the Company or for all or substantially all of its property, or the Company makes a general assignment for the benefit of its creditors.

     

    The Company has the right to terminate the Purchase Agreement at any time after Commencement, at no cost or penalty, upon 10 trading days’ prior written notice to B. Riley Principal Capital II. The Company and B. Riley Principal Capital II may also agree to terminate the Purchase Agreement by mutual written consent, provided that no termination of the Purchase Agreement will be effective during the pendency of any Purchase or any Intraday Purchase that has not then fully settled in accordance with the Purchase Agreement. B. Riley Principal Capital II also has the right to terminate the Purchase Agreement upon ten trading days’ prior written notice to the Company in limited circumstances, including: (i) if certain fundamental transactions (as defined in the Purchase Agreement) have occurred; (ii) the required Registration Statements (as defined below) are not filed or made effective by their respective deadlines or the Company has a material breach of the Registration Rights Agreement (as defined below) which is not cured within 10 trading days of notice thereof; (iii) if, while B. Riley Principal Capital II holds Common Shares, a Registration Statement is made unavailable for 45 consecutive trading days or for an aggregate of 90 trading days within any 365-day period; (iv) trading in the Company’s Common Shares on the Nasdaq Stock Market has been suspended for a period of five consecutive trading days; or (v) the Company is in breach of any covenants in the Purchase Agreement or Registration Rights Agreement which is not cured within ten trading days of notice.

     

    As consideration for B. Riley Principal Capital II’s commitment to purchase the Company’s Common Shares at the Company’s direction upon the terms and subject to the conditions set forth in the Purchase Agreement, the Company will pay at the Commencement an upfront commitment fee to B. Riley Capital II.

     

    The Purchase Agreement contains customary representations, warranties, conditions and indemnification obligations of the parties. The representations, warranties and covenants contained in the Purchase Agreement were made only for the purposes of the Purchase Agreement and as of specific dates, were solely for the benefit of the parties to such agreement, and are subject to certain important limitations.

    Registration Rights Agreement

     

    On June 6, 2025, the Company entered into a Registration Rights Agreement (the “Registration Rights Agreement”) with B. Riley Principal Capital II, pursuant to which the Company agreed to file an initial registration statement (the “Initial Registration Statement”) within ten business days following the date of the agreement with respect to the resale of any Common Shares sold to B. Riley Principal Capital II under the Purchase Agreement. In addition, pursuant to the Registration Rights Agreement, the Company agreed to file additional registration statements as required (each, a “New Registration Statement” and together with the Initial Registration Statement, a “Registration Statement”) within ten business days following the date of the sale of all Common Shares registered on the Initial Registration Statement, with respect to any additional Common Shares to be sold pursuant to the Purchase Agreement.

     

    The Registration Rights Agreement contains customary covenants and indemnification obligations of the parties. The covenants contained in the Registration Rights Agreement were made only for the purposes of the Registration Rights Agreement, were solely for the benefit of the parties to such agreement, and are subject to certain important limitations.

     

    The foregoing descriptions of the Purchase Agreement and Registration Rights Agreement are qualified in their entirety by reference to the full text of the Purchase Agreement and Registration Rights Agreement, which are attached to this Report on Form 6-K as Exhibits 10.1 and 10.2, respectively, and which are incorporated by reference herein.

     

    This Report on Form 6-K shall not constitute an offer to sell or a solicitation of an offer to buy any Common Shares, nor shall there be any sale of Common Shares in any state or jurisdiction in which such an offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.

     

     


     

    EXHIBIT INDEX

     

    Exhibit No.

     

    Description

    10.1*+

     

    Common Share Purchase Agreement, dated as of June 6, 2025, by and between Heidmar Maritime Holdings Corp. and B. Riley Principal Capital II, LLC

    10.2*

     

    Registration Rights Agreement, dated as of June 6, 2025, by and between Heidmar Maritime Holdings Corp. and B. Riley Principal Capital II, LLC

     

     

    * Schedules and exhibits have been omitted pursuant to Item 601(a)(5) of Regulation S-K. A copy of any omitted schedule and/or exhibit will be furnished to the SEC upon request.

     

    + Portions of this exhibit have been omitted pursuant to Item 601(b)(10) because they are both (i) not material and (ii) contain personal information.

     

     

     


     

    SIGNATURES

     

    Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

     

     

     

    Heidmar Maritime Holdings Corp

    Date: June 6, 2025

    By: /s/ Pankaj Khanna

     

    Pankaj Khanna

     

    Chief Executive Officer and Director

     

     


    Get the next $HMR alert in real time by email

    Chat with this insight

    Save time and jump to the most important pieces.

    Recent Analyst Ratings for
    $HMR

    DatePrice TargetRatingAnalyst
    More analyst ratings

    $HMR
    Financials

    Live finance-specific insights

    See more
    • Heidmar Maritime Holdings Corp. Reports Results For the Quarter Ended March 31, 2025

      ATHENS and NEW YORK, June 10, 2025 (GLOBE NEWSWIRE) -- Heidmar Maritime Holdings Corp. (the "Company" or "Heidmar") (NASDAQ:HMR) today reported its results for the quarter ended March 31, 2025. First Quarter 2025 Highlights Total net revenues of $5.8 million. Net loss attributable to shareholders of $6.0 million or $0.1 per share Adjusted net income(1)attributable to shareholders for the quarter of $875,194 or $0.02 income per share, excluding non-cash expense of $3.9 million relating to the fair value of the earnout shares that will be issued to certain of the Company's shareholders upon the satisfaction of certain conditions set forth in the business combination agreement with MGO Glob

      6/10/25 4:15:17 PM ET
      $HMR
      Marine Transportation
      Consumer Discretionary
    • Heidmar Announces Date for the First Quarter 2025 Results, Conference Call, and Webcast

      Earnings Release: Tuesday, June 10, 2025, After Market Closes Conference Call and Webcast: Wednesday, June 11, 2025, at 8:00 A.M. Eastern Time ATHENS, Greece and NEW YORK, June 06, 2025 (GLOBE NEWSWIRE) -- Heidmar Maritime Holdings Corp. (the "Company" or "Heidmar") (NASDAQ:HMR), today announced that it will release its results for the first quarter ended March 31, 2025, after the market closes on Tuesday, June 10, 2025. Heidmar's management team will host a conference call to discuss the Company's financial results on Wednesday, June 11, 2025, at 8:00 a.m. Eastern Time (ET). Conference Call details: Participants should dial into the call 10 minutes before the scheduled time using the

      6/6/25 12:55:32 PM ET
      $HMR
      Marine Transportation
      Consumer Discretionary

    $HMR
    SEC Filings

    See more
    • SEC Form S-8 filed by Heidmar Maritime Holdings Corp.

      S-8 - Heidmar Maritime Holdings Corp. (0002029471) (Filer)

      6/12/25 5:02:32 PM ET
      $HMR
      Marine Transportation
      Consumer Discretionary
    • SEC Form 6-K filed by Heidmar Maritime Holdings Corp.

      6-K - Heidmar Maritime Holdings Corp. (0002029471) (Filer)

      6/11/25 4:18:48 PM ET
      $HMR
      Marine Transportation
      Consumer Discretionary
    • SEC Form F-1 filed by Heidmar Maritime Holdings Corp.

      F-1 - Heidmar Maritime Holdings Corp. (0002029471) (Filer)

      6/9/25 6:17:57 AM ET
      $HMR
      Marine Transportation
      Consumer Discretionary

    $HMR
    Press Releases

    Fastest customizable press release news feed in the world

    See more
    • Heidmar Maritime Holdings Corp. Reports Results For the Quarter Ended March 31, 2025

      ATHENS and NEW YORK, June 10, 2025 (GLOBE NEWSWIRE) -- Heidmar Maritime Holdings Corp. (the "Company" or "Heidmar") (NASDAQ:HMR) today reported its results for the quarter ended March 31, 2025. First Quarter 2025 Highlights Total net revenues of $5.8 million. Net loss attributable to shareholders of $6.0 million or $0.1 per share Adjusted net income(1)attributable to shareholders for the quarter of $875,194 or $0.02 income per share, excluding non-cash expense of $3.9 million relating to the fair value of the earnout shares that will be issued to certain of the Company's shareholders upon the satisfaction of certain conditions set forth in the business combination agreement with MGO Glob

      6/10/25 4:15:17 PM ET
      $HMR
      Marine Transportation
      Consumer Discretionary
    • Heidmar Announces Date for the First Quarter 2025 Results, Conference Call, and Webcast

      Earnings Release: Tuesday, June 10, 2025, After Market Closes Conference Call and Webcast: Wednesday, June 11, 2025, at 8:00 A.M. Eastern Time ATHENS, Greece and NEW YORK, June 06, 2025 (GLOBE NEWSWIRE) -- Heidmar Maritime Holdings Corp. (the "Company" or "Heidmar") (NASDAQ:HMR), today announced that it will release its results for the first quarter ended March 31, 2025, after the market closes on Tuesday, June 10, 2025. Heidmar's management team will host a conference call to discuss the Company's financial results on Wednesday, June 11, 2025, at 8:00 a.m. Eastern Time (ET). Conference Call details: Participants should dial into the call 10 minutes before the scheduled time using the

      6/6/25 12:55:32 PM ET
      $HMR
      Marine Transportation
      Consumer Discretionary
    • Heidmar Announces the Availability of Its 2024 Annual Report on Form 20-F

      ATHENS, Greece and NEW YORK, May 16, 2025 (GLOBE NEWSWIRE) -- Heidmar Maritime Holdings Corp. (the "Company" or "Heidmar") (NASDAQ:HMR), today announced that its annual report on Form 20-F (the "Annual Report"), which includes the Company's audited financial statements for the fiscal year ended December 31, 2024, was filed with filed with the U.S. Securities and Exchange Commission (the "SEC") on May 15, 2025. The Annual Report is available on the SEC website at http://www.sec.gov and on the Company's website at http://www.heidmar.com under the Investors Relations section (Financials & Presentations). Any shareholder may receive a hard copy of the Company's complete Annual Report, which i

      5/16/25 4:05:00 PM ET
      $HMR
      Marine Transportation
      Consumer Discretionary