Incorporation and Recent Events

On May 23, 2018, EuroDry Ltd. announced that its registration statement on Form F-1 has been declared effective by the Securities and Exchange Commission and that its application for listing on the NASDAQ Capital Market under the symbol "EDRY" has been approved.

On May 8, 2018, Euroseas Ltd. announced that it filed a registration statement on Form F-1 with the Securities and Exchange Commission to spin-off the Company's drybulk fleet into a separate company, EuroDry Ltd., which has applied for listing on the NASDAQ Capital Market under the symbol "EDRY." Euroseas shareholders will receive 1 EuroDry share for every 5 Euroseas shares. The actual distribution is expected to happen on or about May 30, 2018. The link to the registration statement filed by EuroDry (for further information) is as follows: https://www.sec.gov/Archives/edgar/data/1731388/000091957418003321/d7869256_f-1.htm