6-K

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

Form 6-K

REPORT OF FOREIGN PRIVATE ISSUER PURSUANT TO RULE 13a-16 OR 15d-16 UNDER THE SECURITIES EXCHANGE ACT OF 1934

For the month of May 2017

Commission File Number: 001-37889

TOP SHIPS INC.
(Translation of registrant's name into English)

1 VAS. SOFIAS & MEG.
ALEXANDROU STREET
151 24, MAROUSSI
ATHENS, GREECE
(Address of principal executive office)

Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F.
Form 20-F [ X ]      Form 40-F [   ]

Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(1):  

Note: Regulation S-T Rule 101(b)(1) only permits the submission in paper of a Form 6-K if submitted solely to provide an attached annual report to security holders.

Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(7):  

Note: Regulation S-T Rule 101(b)(7) only permits the submission in paper of a Form 6-K if submitted to furnish a report or other document that the registrant foreign private issuer must furnish and make public under the laws of the jurisdiction in which the registrant is incorporated, domiciled or legally organized (the registrant's "home country"), or under the rules of the home country exchange on which the registrant's securities are traded, as long as the report or other document is not a press release, is not required to be and has not been distributed to the registrant's security holders, and, if discussing a material event, has already been the subject of a Form 6-K submission or other Commission filing on EDGAR. 

On May 30, 2017, the Registrant issued a press release, a copy of which is attached hereto as Exhibit 99.1 and is incorporated herein by reference.

(c) Exhibit 99.1. Press release dated May 30, 2017

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

	TOP SHIPS INC.
	(Registrant)
Date: May 30, 2017	/s/ Evangelos J. Pistiolis
	Evangelos J. Pistiolis
	Chief Executive Officer

EX-99.1

EXHIBIT 99.1

TOP Ships Inc. Announces Acquisition of Controlling Interest in M/T Stenaweco Elegance

ATHENS, Greece, May 30, 2017 (GLOBE NEWSWIRE) -- TOP Ships Inc. (Nasdaq:TOPS), an international ship-owning company (the “Company”), announced today that it has entered into an agreement with a related party to purchase for $6.5 million, an additional 41% interest in Eco Seven Inc., a Marshall Islands company that owns M/T Stenaweco Elegance, a 50,188 dwt Medium Range (“MR”) product tanker, which is operating under a three year time charter at a rate of $16,500 per day expiring in March 2020.

Since February 2017, the Company has made the following acquisitions:

• 90% ownership interest in M/T Stenaweco Elegance, which includes the investment described above;
• 49% ownership interest in M/T ECO Holmby Hills, a 50,000 dwt newbuilding product/chemical tanker scheduled for delivery from Hyundai Mipo Dockyard Co. Ltd. (“Hyundai”) in January 2018;
• 49% ownership interest in M/T ECO Palm Springs, a 50,000 dwt newbuilding product/chemical tanker scheduled for delivery from Hyundai in April 2018;
• 100% ownership interest in M/T ECO Palm Desert, a 50,000 dwt newbuilding product/chemical tanker scheduled for delivery from Hyundai in July 2018.

The Company has invested $28.2 million for the acquisitions described above, which was raised through common stock and preferred stock offerings of the Company.

Evangelos Pistiolis, President and CEO of the Company, stated: “In 2014 we focused the Company on a newbuilding program of high specification eco-friendly MR product tankers at Hyundai. Since then we have taken delivery of 7 of these vessels and employed them under 3-5 year fixed rate contracts. With the acquisition of the sister ship M/T Stenaweco Elegance, our operating fleet’s average age was reduced to 1.5 years making it one of the youngest MR Product Tanker fleets in the world and our charter backlog currently stands at about $100 million, providing cashflow visibility reaching into 2021. In July 2018 after the delivery of our last newbuilding vessel the Company will have a 10 vessel operating fleet with an average age of 1.7 years. As a result of this strategy, the Company remains cashflow positive after meeting all of its operating and senior debt obligations. Furthermore on current vessel valuations our fleet is leveraged less than 60%. Our business strategy continues to be focused on further expanding our fleet as we take delivery of our 3 remaining newbuildings next year and employ them under medium term fixed rate contracts.”

Infographics accompanying this announcement are available at:

http://www.globenewswire.com/NewsRoom/AttachmentNg/c775b0c5-bee7-4a96-8d8d-20760a254616

http://www.globenewswire.com/NewsRoom/AttachmentNg/e55b4f69-a0ad-4ba1-acee-09e939719380

About TOP Ships Inc.

TOP Ships Inc. is an international ship-owning company.

For more information about TOP Ships Inc., visit its website: www.topships.org.

Forward-Looking Statements

Matters discussed in this press release may constitute forward-looking statements. The Private Securities Litigation Reform Act of 1995 provides safe harbor protections for forward-looking statements in order to encourage companies to provide prospective information about their business. Forward-looking statements include statements concerning plans, objectives, goals, strategies, future events or performance, and underlying assumptions and other statements, which are other than statements of historical facts.

The Company desires to take advantage of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995 and is including this cautionary statement in connection with this safe harbor legislation. The words “believe,” “anticipate,” “intends,” “estimate,” “forecast,” “project,” “plan,” “potential,” “may,” “should,” “expect” “pending” and similar expressions identify forward-looking statements. The forward-looking statements in this press release are based upon various assumptions, many of which are based, in turn, upon further assumptions, including without limitation, our management's examination of historical operating trends, data contained in our records and other data available from third parties. Although we believe that these assumptions were reasonable when made, because these assumptions are inherently subject to significant uncertainties and contingencies which are difficult or impossible to predict and are beyond our control, we cannot assure you that we will achieve or accomplish these expectations, beliefs or projections.

Contacts:

Alexandros Tsirikos
Chief Financial Officer
TOP Ships Inc.
1, Vassilissis Sofias Str. &
Meg. Alexandrou Str.
151 24, Maroussi, Greece
Tel: +30 210 812 8180
Email: atsirikos@topships.org

Operating and Newbuilding Fleet

TOP Ships Operating and Newbuilding Fleet

 Contracted Revenue

Contracted Revenue (revenue from firm periods of Time Charters, amounts in $millions)