EuroHoldings Announces Successful Spin-Off from Euroseas

EuroHoldings Ltd., an ocean-going vessel operator, has successfully completed its spin-off from Euroseas Ltd., with its shares commencing trading on the NASDAQ under the symbol EHLD. The strategic decision is intended to provide both companies with the opportunity to focus on their specific investment strategies, enhancing shareholder value. EuroHoldings, which starts its journey with a solid balance sheet and no debt, aims to grow by investing in older vessels and exploring additional opportunities within the maritime sector. Euroseas, in contrast, will focus on modern, fuel-efficient container ships. The spin-off is structured to allow EuroHoldings to operate with autonomy under the management of Eurobulk Ltd., underscoring a strategic growth plan involving potential vessel acquisitions and new time charters.