Robin Energy prices $7.5 million public offering at $1.30 per share
Robin Energy Ltd. (NASDAQ: RBNE) announced the pricing of an underwritten public offering of 5,769,230 shares of common stock at $1.30 per share. The Cyprus-based energy transportation company expects gross proceeds of approximately $7.5 million before deducting underwriting discounts and other offering expenses.
The offering is expected to close on or about September 12, 2025, subject to customary closing conditions. Robin Energy granted underwriters a 45-day option to purchase up to 865,385 additional shares at the public offering price, less underwriting discounts and commissions.
Maxim Group LLC serves as sole book-running manager for the offering. The company plans to use net proceeds for working capital and general corporate purposes.
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.
Robin Energy operates as an international ship-owning company providing energy transportation services globally. The company owns one Handysize tanker vessel and one LPG carrier that transport petrochemical gases and refined petroleum products worldwide.
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