TOP SHIPS INC. announced on July 19, 2024, that it has agreed to acquire the 47-meter megayacht 'PARA BELLUM' for $20 million, with $11.1 million paid upfront and the rest due over seven months, while also assuming a secured loan of about $14.6 million. The purchase is approved by an independent committee and is expected to be financed with cash on hand and future equity offerings.