DryShips Completes Registered Direct Offering

DryShips Inc.announced that it has completed the previously announced registered direct offering of 100,000 newly designated Series E-1 and E-2 Convertible Preferred Shares and Warrants, in which the Company raised gross proceeds of approximately $100.0 million since commencing the offering, pursuant to the prospectus supplement filed on November 17, 2016.

Following the completion of the offering, the Company has approximately 33,806,733 common shares outstanding.