Tate Sullivan

- **United Maritime Corporation** completed the divestment of its oldest Capesize vessel, **M/V Goodship**, on **September 16, 2025**, finalizing its exit from vintage tonnage as part of a long-term fleet renewal plan.  **[1912847_991c5816eb7c4dc38fcefea1ab022056_0]** 
- The sale of the **M/V Goodship** generated a net sale price of approximately **$15.4 million**, with expected net cash proceeds of approximately **$8.2 million** and an accounting profit of approximately **$0.6 million** to be recorded in the third quarter financial results.  **[1912847_991c5816eb7c4dc38fcefea1ab022056_0]** 
- This transaction reduced the average age of United's fleet by approximately **3 years** to **12.7 years** and increased cash reserves to over **$20.0 million**, or **$2.20 per share**.  **[1912847_991c5816eb7c4dc38fcefea1ab022056_0]**

United Maritime (USEA)