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To: Glenn Petersen who wrote (2520)11/29/2015 11:44:19 AM
From: Glenn Petersen  Respond to of 3862
 
FreeSeas, Inc. has now executed five reverse stock splits: A one-for-for five reverse split on October 1, 2010; a one-for-ten reverse split on February 14, 2013; a one-for five reverse split on December 2, 2013; a 133-for-1,000 reverse split on May 11, 2015; and a one-for-fifty reverse split on June 26, 2015.

The Class A and Class B units (which each consisted of two common shares and warrants) were originally priced at $10.50 and $10.10 on a pre-split adjusted basis, respectively. On a post-split basis, they were priced at $986,842.11 and $949,248.12, respectively.