Robin Energy raises $3.6 million through registered direct offering

LIMASSOL, Cyprus - Robin Energy Ltd. (NASDAQ:RBNE), a shipping company with a market capitalization of $11.58 million and average daily trading volume of 3.8 million shares, has entered into a securities purchase agreement with institutional investors to sell 1,020,000 common shares at $3.50 per share, the company announced Wednesday.

The registered direct offering will generate approximately $3.6 million in gross proceeds before deducting commissions and expenses. Maxim Group LLC is serving as the sole placement agent for the transaction.

The Cyprus-based ship-owning company, which provides energy transportation services globally, intends to use the net proceeds for working capital and general corporate purposes, according to the press release statement.

The offering is expected to close on or about Wednesday, subject to customary closing conditions. It is being conducted under an effective shelf registration statement on Form F-3 that was declared effective by the U.S. Securities and Exchange Commission on April 28, 2025.

Robin Energy currently owns one Handysize tanker vessel that transports petroleum products worldwide.

The announcement comes as the company seeks to strengthen its financial position. The transaction represents a significant capital raise relative to the company’s current operations, which are centered around its single tanker vessel.

A prospectus supplement related to the securities being issued will be filed with the SEC, the company stated in its announcement.

In other recent news, Robin Energy Ltd. has been actively engaging in multiple registered direct offerings to raise capital. The company announced an offering of 763,000 common shares at $5.25 per share, expected to generate approximately $4 million in gross proceeds. In a separate announcement, Robin Energy disclosed another offering, pricing 860,000 common shares at the same price per share, aiming to raise $4.5 million. These offerings are being conducted under an effective shelf registration statement, with Maxim Group LLC serving as the sole placement agent. Additionally, Robin Energy revealed a larger offering of 965,000 shares, also priced at $5.25 each, to secure about $5.1 million in gross proceeds. The proceeds from these offerings are intended for working capital and general corporate purposes. The significant discount in share pricing for these offerings has raised concerns among investors about potential dilution. These developments reflect Robin Energy’s strategic moves to strengthen its financial position in the competitive global energy transportation market.

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