F-3 F-3 EX-FILING FEES 0001296484 TOP SHIPS INC. N/A N/A 0.0001531 0.0001531 0.0001531 0.0001531 0.0001531 0.0001531 0.0001531 0.0001531 0.0001531 0001296484 2025-09-12 2025-09-12 0001296484 1 2025-09-12 2025-09-12 0001296484 2 2025-09-12 2025-09-12 0001296484 3 2025-09-12 2025-09-12 0001296484 4 2025-09-12 2025-09-12 0001296484 5 2025-09-12 2025-09-12 0001296484 6 2025-09-12 2025-09-12 0001296484 7 2025-09-12 2025-09-12 0001296484 8 2025-09-12 2025-09-12 0001296484 9 2025-09-12 2025-09-12 0001296484 10 2025-09-12 2025-09-12 0001296484 11 2025-09-12 2025-09-12 0001296484 12 2025-09-12 2025-09-12 0001296484 13 2025-09-12 2025-09-12 0001296484 14 2025-09-12 2025-09-12 0001296484 15 2025-09-12 2025-09-12 0001296484 16 2025-09-12 2025-09-12 0001296484 17 2025-09-12 2025-09-12 0001296484 18 2025-09-12 2025-09-12 0001296484 19 2025-09-12 2025-09-12 0001296484 20 2025-09-12 2025-09-12 0001296484 21 2025-09-12 2025-09-12 iso4217:USD xbrli:pure xbrli:shares

Calculation of Filing Fee Tables

F-3

TOP SHIPS INC.

Table 1: Newly Registered and Carry Forward Securities ☐Not Applicable

Security Type

Security Class Title

Fee Calculation or Carry Forward Rule

Amount Registered

Proposed Maximum Offering Price Per Unit

Maximum Aggregate Offering Price

Fee Rate

Amount of Registration Fee

Carry Forward Form Type

Carry Forward File Number

Carry Forward Initial Effective Date

Filing Fee Previously Paid in Connection with Unsold Securities to be Carried Forward

Newly Registered Securities
Equity Common Stock, par value $0.01 per share(1) 457(o)
Equity Preferred Stock, par value $0.01 per share(1) 457(o)
Other Preferred Stock Purchase Rights(1)(3) 457(o)
Debt Debt Securities(1) 457(o)
Other Warrants(1) 457(o)
Other Purchase Contracts(1) 457(o)
Other Rights(1) 457(o)
Other Depositary Shares(1) 457(o)
Other Units(1) 457(o)
Fees to be Paid 1 Unallocated (Universal) Shelf 457(o) $ 13,560,999.75 0.0001531 $ 2,076.19
Fees to be Paid Equity Common Stock, par value $0.01 per share, underlying previously- issued Warrants 457(o) 837,094 $ 13,560,922.80 0.0001531 $ 2,076.18
Fees Previously Paid
Carry Forward Securities
Carry Forward Securities Equity Common Stock, par value $0.01 per share 415(a)(6) F-3 333-267170 09/13/2022
Carry Forward Securities Equity Preferred Shares, par value $0.01 per share 415(a)(6) F-3 333-267170 09/13/2022
Carry Forward Securities Other Preferred Stock Purchase Rights 415(a)(6) F-3 333-267170 09/13/2022
Carry Forward Securities Debt Debt Securities 415(a)(6) F-3 333-267170 09/13/2022
Carry Forward Securities Other Warrants 415(a)(6) F-3 333-267170 09/13/2022
Carry Forward Securities Other Purchase Contracts 415(a)(6) F-3 333-267170 09/13/2022
Carry Forward Securities Other Rights 415(a)(6) F-3 333-267170 09/13/2022
Carry Forward Securities Other Depositary Shares 415(a)(6) F-3 333-267170 09/13/2022
Carry Forward Securities Other Units 415(a)(6) F-3 333-267170 09/13/2022
Carry Forward Securities 2 Unallocated (Universal) Shelf 415(a)(6) $ 186,439,000.25 F-3 333-267170 09/13/2022 $ 18,540.00

Total Offering Amounts:

$ 213,560,922.80

$ 4,152.37

Total Fees Previously Paid:

$ 0.00

Total Fee Offsets:

$ 0.00

Net Fee Due:

$ 4,152.37

Offering Note

1

1. There are being registered hereunder such indeterminate number of the securities of each identified class being registered as may be sold from time to time at indeterminate prices, with an initial aggregate public offering price not to exceed $200,000,000. Separate consideration may or may not be received for securities that are issuable on exercise, conversion or exchange of other securities or that are issued in units or represented by depositary shares. To the extent that separate consideration is received for any such securities, the aggregate amount of such consideration will be included in the aggregate offering price of all securities sold. If any debt securities are issued at an original issue discount, then the offering may be in such greater principal amount as shall result in a maximum aggregate offering price not to exceed $200,000,000, less the aggregate dollar amount of all securities previously issued hereunder. Any securities registered hereunder may be sold separately or as part of units, which may consist of any combination of the securities registered hereunder. 2. Pursuant to General Instruction I.C of Form F-3, the table does not specify by each class information as to the proposed maximum aggregate offering price. 3. Preferred stock purchase rights are not currently separable from the common shares and are not currently exercisable. The value attributable to the preferred stock purchase rights, if any, will be reflected in the market price of the common shares.

2

Pursuant to Rule 415(a)(6) under the Securities Act of 1933, as amended, the securities registered pursuant to this registration statement include unsold securities of the Registrant previously registered on its registration statement on Form F-3 (Registration No. 333-267170), filed with the Securities and Exchange Commission on October 21, 2019 and declared effective on September 13, 2022, which the Registrant refers to as the Prior Registration Statement. The previously paid filing fee relating to such unsold securities under the Prior Registration Statement will continue to be applied to such unsold securities registered on this registration statement. To the extent that, after the filing date hereof and prior to the effectiveness of this registration statement, any such unsold securities are sold pursuant to the Prior Registration Statement, the registrant will identify in a pre-effective amendment to this registration statement the updated amount of unsold securities from the Prior Registration Statement to be included in this registration statement pursuant to Rule 415(a)(6) and the updated amount of new securities to be registered on this registration statement. Pursuant to Rule 415(a)(6), the offering of the unsold securities registered under the Prior Registration Statement, if not previously terminated, will be deemed terminated as of the date of effectiveness of this Registration Statement.

Table 2: Fee Offset Claims and Sources ☑Not Applicable
Registrant or Filer Name Form or Filing Type File Number Initial Filing Date Filing Date Fee Offset Claimed Security Type Associated with Fee Offset Claimed Security Title Associated with Fee Offset Claimed Unsold Securities Associated with Fee Offset Claimed Unsold Aggregate Offering Amount Associated with Fee Offset Claimed Fee Paid with Fee Offset Source
Rules 457(b) and 0-11(a)(2)
Fee Offset Claims N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A
Fee Offset Sources N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A
Rule 457(p)
Fee Offset Claims N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A
Fee Offset Sources N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A
Table 3: Combined Prospectuses ☑Not Applicable

Security Type

Security Class Title

Amount of Securities Previously Registered

Maximum Aggregate Offering Price of Securities Previously Registered

Form Type

File Number

Initial Effective Date

N/A N/A N/A N/A N/A N/A N/A N/A