Eagle Bulk Shipping (EGLE) Announces 1.5M Share Secondary Offering

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Go back to Eagle Bulk Shipping (EGLE) Announces 1.5M Share Secondary Offering

Eagle Bulk Shipping Inc. Announces Secondary Public Offering of Common Stock

June 29, 2021 4:11 PM EDT

STAMFORD, Conn., June 29, 2021 (GLOBE NEWSWIRE) -- Eagle Bulk Shipping Inc. (NASDAQ: EGLE) (Eagle Bulk or the Company), one of the worlds largest owner-operators within the Supramax / Ultramax drybulk segment, today announced that certain funds and separate accounts managed by GoldenTree Asset Management LP (collectively, the Selling Shareholders) intend to offer an aggregate of 1,500,000 shares of the Companys common stock in an underwritten secondary public offering. In connection with this offering, the Selling Shareholders expect to grant the underwriter a 30-day option to purchase up to 225,000 additional shares of the Companys common... More