Global Ship Lease : At Market Issuance Sales Agreement - Form 6-K

INFORMATION CONTAINED IN THIS FORM 6-K REPORT

On December 29, 2022, Global Ship Lease, Inc. (the "Company") re-launched an "at the market" offering program (the "Program"), pursuant to which the Company may sell up to $150,000,000 of its Depositary Shares (the "Depositary Shares"), each of which represents 1/100^th of one share of the Company's 8.75% Series B Cumulative Redeemable Perpetual Preferred Stock, par value $0.01 per share, with a liquidation preference of $2,500 per share (equivalent to $25.00 per Depositary Share) (the "Series B Preferred Shares"). In connection with the Program, the Company has entered into a new At Market Issuance Sales Agreement (the "Sales Agreement") with B. Riley Securities, Inc., as sales agent (the "Agent"). The Sales Agreement terminated and replaced, in its entirety, the At Market Issuance Sales Agreement between the Agent and the Company, dated as of December 10, 2019. The Series B Preferred Shares represented by Depositary Shares will be deposited with Computershare Inc. and Computershare Trust Company, N.A., as applicable, as depositary (the "Depositary"), pursuant to the Deposit Agreement, dated August 20, 2014, among the Company, the Depositary and holders from time to time of the Depositary Shares issued thereunder.

In accordance with the terms of the Sales Agreement, the Company may offer and sell its Depositary Shares at any time, and from time to time, through the Agent. Sales of the Depositary Shares, if any, will be made by means of ordinary brokers' transactions on the New York Stock Exchange (the "NYSE") or otherwise at market prices prevailing at the time of sale, at prices related to the prevailing market prices, or at negotiated prices. The Agent is not required to sell any specific number of Depositary Shares, but the Agent will make all sales using commercially reasonable efforts consistent with its normal trading and sales practices on mutually agreed terms between the Agent and the Company. The Company intends to use the net proceeds from any sales under the Program for general corporate purposes.

The Depositary Shares are listed on the NYSE under the symbol "GSL-B."

Attached to this Report on Form 6-K (this "Report") as Exhibit 1.1 is a copy of the Sales Agreement, dated December 29, 2022, by and between the Company and the Agent.

Attached to this Report as Exhibit 5.1 is the opinion of Watson Farley & Williams LLP relating to the legality and validity of the Series B Preferred Shares and related Depositary Shares.

Attached to this Report as Exhibit 8.1 is the opinion of Watson Farley & Williams LLP relating to certain tax matters.

The information contained in this Report is hereby incorporated by reference into the Company's registration statements on Form F-3 (File Nos. 333-231509, 333-258800 and 333-267468) and Form S-8 (File Nos. 333-258992 and 333-264113).