Star Bulk lists on Euronext Athens, raising €107.8M in public offering

Star Bulk Carriers Corp. (NASDAQ: SBLK) has completed a public offering of new common shares in Greece and received approval to list all of its common shares on the Main Market of the Regulated Securities Market of Euronext Athens, according to a company statement dated September 15, 2026.

The offering raised total gross proceeds of €107.8 million ($124.41 million), comprising approximately €105.4 million ($121.61 million) from the public offering in Greece and approximately €2.5 million ($2.81 million) from a parallel offering to a limited group of persons. After deducting estimated offering and listing expenses of €7.4 million ($8.5 million), net proceeds total €100.4 million ($115.91 million).

The company said it plans to allocate €57.02 million ($65.8 million) toward the remaining portion of a €94.92 million ($109.5 million) investment plan for three vessels currently under construction, with that use expected to be completed within 2026. The remaining amount, up to €43.4 million ($50.11 million), is designated for the acquisition of newbuild and/or second-hand vessels by the company's subsidiaries, with that deployment expected within 24 months of the commencement of trading on Euronext Athens.

Euronext Athens approved the listing on September 15, 2026, and registration of shares in the Dematerialized Securities System was completed the same day. The ticker symbol on Euronext Athens is "SBLK." The opening price on Euronext Athens will equal the closing price of the common shares on the Nasdaq Global Select Market on September 15, 2026, converted from USD to EUR using the European Central Bank's reference exchange rate for that date.

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