Navios Maritime Holdings Inc. Announces Pricing of Initial Public Offering of Navios Maritime Acquisition Corporation

PIRAEUS, Greece, June 25 /PRNewswire-FirstCall/ — Navios Maritime Holdings Inc. (“Navios Holdings”) (NYSE: NM – News) announced today the pricing of the initial public offering of 22,000,000 units of Navios Maritime Acquisition Corporation (“Navios Acquisition”) (NYSE: NNA.U – News) at a price of $10.00 per unit, for aggregate gross proceeds of $220,000,000. Navios Holdings has agreed to invest a total of $7,600,000 in a private placement of warrants to occur simultaneously with the closing of the initial public offering. Following the public offering, Navios Holdings expects to own approximately 19% of the common shares of Navios Acquisition.