Robin Energy announces public offering of common stock
Robin Energy Ltd. (NASDAQ: RBNE) announced it has commenced a public offering of shares of its common stock or pre-funded warrants. The Cyprus-based energy transportation company stated that all shares in the proposed offering will be sold by the company itself.
The offering remains subject to market and other conditions, with no assurance provided regarding completion timing or final terms. Maxim Group LLC serves as the sole book-running manager for the transaction.
Robin Energy plans to use net proceeds from the offering for working capital and general corporate purposes. The company operates as an international ship-owning business providing energy transportation services globally, currently owning one Handysize tanker vessel and one LPG carrier for transporting petrochemical gases and refined petroleum products.
The offering operates under an effective shelf registration statement on Form F-3 filed with the Securities and Exchange Commission on April 24, 2025, and declared effective on April 28, 2025. A preliminary prospectus supplement and accompanying prospectus will be filed with the SEC and made available on the commission's website.
The announcement includes standard disclaimers stating that the press release does not constitute an offer to sell or solicitation to buy securities, noting that such activities would be unlawful in jurisdictions without proper registration or qualification under applicable securities laws.
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