Scorpio Bulkers (SALT) Prices 4.1M Share Upsized Common Offering at $18.46/Sh

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Go back to Scorpio Bulkers (SALT) Prices 4.1M Share Upsized Common Offering at $18.46/Sh

Scorpio Bulkers Inc. Announces Pricing and Upsizing of Public Offering of Common Shares

June 9, 2020 11:38 PM EDT

MONACO, June 09, 2020 (GLOBE NEWSWIRE) -- Scorpio Bulkers Inc. (NYSE: SALT) (the Company) announced today that it has upsized and priced its previously announced underwritten public offering (the Offering) of shares of common stock, par value $0.01 per share (the Common Shares). The Company has agreed to sell 4,100,000 Common Shares at $18.46 per share. Scorpio Services Holding Limited, a related party to the Company, has agreed to purchase an aggregate of 950,000 Common Shares at the public offering price. The Offering is expected to close on June 12, 2020.  

The net proceeds of the Offering are... More