Robin Energy completes $8.6 million public offering

Robin Energy Ltd. (NASDAQ: RBNE) closed its underwritten public offering of common stock, raising approximately $8.6 million in gross proceeds before deducting fees and expenses, according to a company statement.

The Cyprus-based ship-owning company sold 5,769,230 shares at $1.30 per share. The underwriter partially exercised its overallotment option, purchasing an additional 864,770 shares at the same price for additional gross proceeds of approximately $1.1 million.

Maxim Group LLC served as the sole book-running manager for the offering.

Robin Energy plans to use the net proceeds for working capital and general corporate purposes. The company operates internationally, providing energy transportation services through its fleet of one Handysize tanker vessel and one LPG carrier that transport petrochemical gases and refined petroleum products.

The offering was conducted under an effective shelf registration statement on Form F-3 filed with the Securities and Exchange Commission on April 24, 2025, and declared effective on April 28, 2025.

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