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LIMASSOL, Cyprus - Robin Energy Ltd. (NASDAQ:RBNE), whose stock has surged nearly 245% in the past week according to InvestingPro data, has entered into a securities purchase agreement with institutional investors for a registered direct offering of 860,000 common shares at $5.25 per share, the company announced Wednesday.
The offering is expected to generate approximately $4.5 million in gross proceeds before deducting commissions and expenses. Maxim Group LLC is serving as the sole placement agent for the transaction.
According to the company’s statement, Robin Energy intends to use the net proceeds for working capital and general corporate purposes. The offering is expected to close on or about June 20, 2025, subject to customary closing conditions.
The offering is being conducted pursuant to an effective shelf registration statement on Form F-3 that was previously filed with and declared effective by the Securities and Exchange Commission on April 28, 2025.
Robin Energy, an international ship-owning company that provides energy transportation services globally, currently owns one Handysize tanker vessel that carries petroleum products worldwide.
The announcement was made in a press release issued by the company.
In other recent news, Robin Energy Ltd. announced it has secured approximately $5.1 million in gross proceeds through a registered direct offering. The company entered into a securities purchase agreement with institutional investors, selling 965,000 common shares at a price of $5.25 per share. This offering, facilitated by Maxim Group LLC as the sole placement agent, is expected to close around June 17, 2025, pending customary closing conditions. Robin Energy plans to use the net proceeds for working capital and general corporate purposes. The offering is conducted under a previously effective shelf registration statement filed with the U.S. Securities and Exchange Commission. This transaction represents a capital raise equivalent to about 11.5% of the company’s previous closing market capitalization.
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