Robin Energy Prices $7.5M Public Stock Offering

Robin Energy Ltd., an international ship-owning company specializing in global energy transportation, has announced the pricing of an underwritten public offering of approximately 5.77 million shares of its common stock at $1.30 per share, aiming to raise about $7.5 million before expenses. The offering, managed solely by Maxim Group LLC, includes a 45-day option for underwriters to purchase an additional 865,385 shares at the same price minus discounts and commissions. The company intends to use the net proceeds for working capital and general corporate purposes. This offering follows a previously filed and SEC-declared effective shelf registration statement and remains subject to customary closing conditions. Robin Energy had earlier announced the commencement of this public offering of common stock or pre-funded warrants, emphasizing that the completion and terms depend on market conditions. Prospectus documents related to the offering are available through the SEC and Maxim Group LLC.