UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
SECURITIES AND EXCHANGE COMMISSION
Washington, D. C. 20549
FORM 6-K
Report of Foreign Private Issuer
Pursuant to Rule 13a-16 or 15d-16 under the
Securities Exchange Act of 1934
Pursuant to Rule 13a-16 or 15d-16 under the
Securities Exchange Act of 1934
For June 9, 2011
Commission File Number: 000-51672
FreeSeas Inc.
89 Akti Miaouli & 4 Mavrokordatou Street
185 38 Piraeus, Greece
185 38 Piraeus, Greece
(Address of principal executive offices)
Indicate by check mark whether the registrant files or will file annual reports under cover Form 20-F or Form 40-F.
Form 20-Fþ Form 40-Fo
Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(1):o
Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(7):o
Indicate by check mark whether the registrant by furnishing the information contained in this Form is also thereby furnishing the information to the Commission pursuant to Rule 12g3-2(b) under the Securities Exchange Act of 1934.
Yeso Noþ
If “Yes” is marked, indicate below the file number assigned to the registrant in connection with Rule 12g3-2(b): 82- .
On June 9, 2011, FreeSeas Inc. (the “Company”) announced that it is extending the expiration date and reducing the exercise price of its Class Z warrants, currently listed under the ticker FREEZ.
The expiration date of the Class Z warrants is extended to August 12, 2011, from July 26, 2011. The exercise price for each Class Z warrant is being reduced to $0.36 per one-fifth (1/5) of a share, or $1.80 per whole share, from $5.00 per one-fifth (1/5) of a share, or $25.00 per whole share. Assuming all outstanding Class Z warrants are exercised, the number of FreeSeas’ common stock will increase by 331,002.
Each Class Z warrant entitles the holder to purchase one-fifth (1/5) of a share of FreeSeas’ common stock and the Class Z warrants are only exercisable for whole shares. All other terms of the Class Z warrants remain unchanged.
A copy of the related press release is attached hereto as Exhibit 99.1 and is incorporated herein by reference.
This report on Form 6-K and the exhibits attached hereto are incorporated by reference into the Registrant’s Registration Statements on Form F-3, Registration Nos. 333-145098 and 333-149916.
SUBMITTED HEREWITH:
Exhibit | ||||
99.1 | Press Release dated June 9, 2011. |
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SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report on Form 6-K to be signed on its behalf by the undersigned, thereto duly authorized.
FreeSeas Inc. | ||||
Date: June 9, 2011
By: | /s/ Alexandros Mylonas | |||
Name: | Alexandros Mylonas | |||
Title: | Chief Financial Officer | |||
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