Latest news with #RobinEnergy
Yahoo
10-07-2025
- Business
- Yahoo
Robin Energy Ltd. Announces Vessel Acquisition, Doubling its Fleet
LIMASSOL, Cyprus, July 10, 2025 (GLOBE NEWSWIRE) -- Robin Energy Ltd. (NASDAQ: RBNE) ("Robin Energy" or the "Company"), an international ship-owning company providing energy transportation services globally, announces that it has entered into an agreement, through a wholly owned subsidiary, to acquire a 2015-built 5,000 cbm LPG Carrier vessel from Toro Corp. ('Toro'), a Nasdaq-listed entity controlled by our Chairman and Chief Executive Officer, for a purchase price of $18 million. The terms of the transaction were approved by the independent and disinterested members of the Boards of Robin Energy and Toro, respectively, following the negotiation and recommendation by special committees of the independent and disinterested directors of the Boards of Robin Energy and Toro. The acquisition is expected to be concluded by taking delivery of the vessel during the third quarter of 2025 and is subject to the satisfaction of certain customary closing conditions. The Company expects to fund the acquisition with cash on hand. Petros Panagiotidis, Chairman and Chief Executive Officer of Robin Energy, commented: "We have expanded our operations with a second vessel, which doubles the size of our fleet. We believe that the addition of this vessel to our fleet will be immediately accretive to our cash generating ability and is consistent with our growth-oriented strategy and our goal of increasing shareholder value.' About Robin Energy Ltd. Robin Energy is an international ship-owning company providing energy transportation services globally. Upon completion of the above-mentioned transaction, the Company's fleet will comprise of one LPG Carrier and one Handysize tanker vessel that carry petrochemical gases and refined petroleum products worldwide. For more information, please visit the Company's website at Information on our website does not constitute a part of this press release. Cautionary Statement Regarding Forward-Looking Statements Matters discussed in this press release may constitute forward-looking statements. We intend such forward-looking statements to be covered by the safe harbor provisions for forward-looking statements contained in Section 27A of the Securities Act of 1933, as amended (the 'Securities Act') and Section 21E of the Securities Exchange Act of 1934, as amended (the 'Exchange Act'). Forward-looking statements include statements concerning plans, objectives, goals, strategies, future events or performance, and underlying assumptions and other statements, which are other than statements of historical facts, including those related to the completion, timing and benefits to the Company and shareholders of the vessel acquisition. We are including this cautionary statement in connection with this safe harbor legislation. The words 'believe', 'anticipate', 'intend', 'estimate', 'forecast', 'project', 'plan', 'potential', 'will', 'may', 'should', 'expect', 'pending' and similar expressions identify forward-looking statements. Forward-looking statements are subject to risks, uncertainties and other factors because they relate to events and depend on circumstances that may or may not occur in the future and/or are beyond our control or precise estimate. Such risks, uncertainties and other factors include, but are not limited to, uncertainties related to the Company's and its counterparty's ability to consummate the transaction discussed herein, as well as those factors discussed under 'Risk Factors' in our Annual Report on Form 20-F for the year ended December 31, 2024 and our other filings with the SEC, which can be obtained free of charge on the SEC's website at Except to the extent required by applicable law, we disclaim any intention or obligation to update publicly or revise any forward‐looking statements, whether as a result of new information, future events or otherwise. CONTACT DETAILS For further information please contact: Investor RelationsRobin Energy Ltd. Email: ir@ in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Business Insider
02-07-2025
- Business
- Business Insider
Robin Energy files to sell 1.3M shares of common stock for holders
17:19 EDT Robin Energy (RBNE) files to sell 1.3M shares of common stock for holders Don't Miss TipRanks' Half-Year Sale Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence. Make smarter investment decisions with TipRanks' Smart Investor Picks, delivered to your inbox every week. Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Yahoo
26-06-2025
- Business
- Yahoo
Robin Energy prices 1.02M shares at $3.50 in registered direct offering
Robin Energy (RBNE) has entered into a securities purchase agreement with several institutional investors to purchase 1,020,000 common shares at an offering price of $3.50, for gross proceeds of approximately $3.6M, before deducting commissions and offering expenses, in a registered direct offering. Maxim Group is acting as the sole placement agent for the Offering. Robin Energy currently intends to use the net proceeds from the Offering for working capital and general corporate purposes. The Offering is expected to close on or about June 25, 2025, subject to the satisfaction of customary closing conditions. Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions Receive undervalued, market resilient stocks right to your inbox with TipRanks' Smart Value Newsletter Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>> See the top stocks recommended by analysts >> Read More on RBNE: Disclaimer & DisclosureReport an Issue Robin Energy Ltd. Secures $4.0 Million in Direct Offering Robin Energy prices 763,000 shares at $5.25 in registered direct offering Robin Energy Ltd. Secures $4.5 Million in Direct Offering Robin Energy Ltd trading resumes Robin Energy Ltd trading halted, volatility trading pause Sign in to access your portfolio
Yahoo
25-06-2025
- Business
- Yahoo
Robin Energy Ltd. Announces Pricing of $3.6 Million Registered Direct Offering
LIMASSOL, Cyprus, June 25, 2025 (GLOBE NEWSWIRE) -- Robin Energy Ltd. (NASDAQ:RBNE) ("Robin Energy" or the "Company"), an international ship-owning company providing energy transportation services globally, today announced that it has entered into a securities purchase agreement with several institutional investors to purchase 1,020,000 common shares at an offering price of $3.50, for gross proceeds of approximately $3.6 million (the 'Offering'), before deducting commissions and offering expenses, in a registered direct offering. Maxim Group LLC is acting as the sole placement agent for the Offering. Robin Energy currently intends to use the net proceeds from the Offering for working capital and general corporate purposes. The Offering is expected to close on or about June 25, 2025 (the 'Closing Date'), subject to the satisfaction of customary closing conditions. The Offering is being made pursuant to an effective shelf registration statement on Form F-3, (File No. 333-286726) previously filed with and subsequently declared effective by the U.S. Securities and Exchange Commission ('SEC') on April 28, 2025. A prospectus supplement relating to the securities to be issued in the Offering will be filed by the Company with the SEC. When available, copies of the prospectus supplement relating to the Offering, together with the accompanying prospectus, can be obtained at the SEC's website at or by contacting Maxim Group LLC, at 300 Park Avenue, 16th Floor, New York, NY 10022, Attention: Syndicate Department, or via email at syndicate@ or by telephone at (212) 895-3745. This press release shall not constitute an offer to sell or the solicitation of an offer to buy these securities, nor shall there be any sale of these securities in any state or other jurisdiction in which such offer, solicitation or sale would be unlawful prior to the registration or qualification under the securities laws of any such state or other jurisdiction. About Robin Energy Ltd. Robin Energy is an international ship-owning company providing energy transportation services globally. Robin currently owns one Handysize tanker vessel that carries petroleum products worldwide. For more information, please visit the Company's website at Information on our website does not constitute a part of this press release. Cautionary Statement Regarding Forward-Looking Statements Matters discussed in this press release may constitute forward-looking statements. We intend such forward-looking statements to be covered by the safe harbor provisions for forward-looking statements contained in Section 27A of the Securities Act of 1933, as amended (the 'Securities Act') and Section 21E of the Securities Exchange Act of 1934, as amended (the 'Exchange Act'). Forward-looking statements include statements concerning plans, objectives, goals, strategies, future events or performance, and underlying assumptions and other statements, which are other than statements of historical facts, including those related to the completion and timing of the offering and the intended use of the proceeds. We are including this cautionary statement in connection with this safe harbor legislation. The words 'believe', 'anticipate', 'intend', 'estimate', 'forecast', 'project', 'plan', 'potential', 'will', 'may', 'should', 'expect', 'pending' and similar expressions identify forward-looking statements. Forward-looking statements are subject to risks, uncertainties and other factors because they relate to events and depend on circumstances that may or may not occur in the future and/or are beyond our control or precise estimate. Such risks, uncertainties and other factors include, but are not limited to, uncertainties related to the Company's and its counterparty's ability to consummate the transactions discussed herein, as well as those factors discussed under 'Risk Factors' in our Annual Report on Form 20-F for the year ended December 31, 2024 and our other filings with the SEC, which can be obtained free of charge on the SEC's website at Except to the extent required by applicable law, we disclaim any intention or obligation to update publicly or revise any forward‐looking statements, whether as a result of new information, future events or otherwise. CONTACT DETAILS For further information please contact: Petros PanagiotidisRobin Energy Ltd. Email: ir@ in to access your portfolio
Yahoo
21-06-2025
- Business
- Yahoo
Robin Energy prices 763,000 shares at $5.25 in registered direct offering
Robin Energy (RBNE) entered into a securities purchase agreement with several institutional investors to purchase 763,000 common shares at an offering price of $5.25, for gross proceeds of approximately $4M, before deducting commissions and offering expenses, in a registered direct offering. Maxim Group is acting as the sole placement agent for the Offering. Robin Energy currently intends to use the net proceeds from the Offering for working capital and general corporate purposes. The Offering is expected to close on or about June 20, subject to the satisfaction of customary closing conditions. Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions Receive undervalued, market resilient stocks right to your inbox with TipRanks' Smart Value Newsletter Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>> See Insiders' Hot Stocks on TipRanks >> Read More on RBNE: Disclaimer & DisclosureReport an Issue Robin Energy Ltd. Secures $4.5 Million in Direct Offering Robin Energy Ltd trading resumes Robin Energy Ltd trading halted, volatility trading pause Robin Energy prices 860,000 shares at $5.25 in registered direct offering Robin Energy Ltd. Announces $5.1 Million Direct Offering Sign in to access your portfolio
