13D Filing: Sovereign Holdings Inc. and Top Ships Inc. (TOPS)

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On May 8, 2017, the Issuer issued 100,000 shares of Series D Preferred Stock to Tankers Family. One share of Series D Preferred Stock has the voting power of 1,000 Common Shares. Shares of the Series D Preferred Stock are not convertible into Common Shares and have no dividend or other economic rights.
To the best of the Reporting Persons’ knowledge and except as described in this Amendment No. 23, there are no other materials changes from the Schedule 13D/A filed with the Commission on May 8, 2017.
Item 7.          Material to be Filed as Exhibits.
Exhibit A
Joint Filing Undertaking.
Exhibit B
Amended Family Trading Credit Facility (incorporated by reference to the Reporting Persons’ Schedule 13D/A filed with the Commission on March 1, 2017).
Exhibit C
Form of Warrant Agreement (incorporated by reference to the Issuer’s Post-Effective Amendment No. 1 to the Registration Statement on Form F-1, filed with the Commission on May 9, 2016 (File No. 333-194690))
Exhibit D
Statement of Designations of Series D Preferred Shares (incorporated by reference to the Issuer’s Current Report on Form 6-K, filed with the Commission on May 8, 2017).

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