Robin Energy Announces Closing of $8.6 Million Public Offering of Common Stock

Rhea-AI Summary

Robin Energy (NASDAQ:RBNE), a global energy transportation services provider, has successfully closed its previously announced public offering, raising approximately $8.6 million in gross proceeds. The offering consisted of 5,769,230 shares of common stock priced at $1.30 per share, with an additional 864,770 shares sold through a partial exercise of the overallotment option.

The company, which owns one Handysize tanker vessel and one LPG carrier for transporting petrochemical gases and refined petroleum products, plans to use the net proceeds for working capital and general corporate purposes. Maxim Group LLC served as the sole book-running manager for the offering, which was conducted under an effective shelf registration statement filed with the SEC.

["Raised $8.6 million in gross proceeds through public offering", "Successfully executed partial overallotment option for additional $1.1 million", "Strengthened working capital position"]

Positive

• None.

Negative

• Potential dilution for existing shareholders due to 6.63 million new shares issued
• Small fleet size of only two vessels limits operational scale
• Low share price of $1.30 may indicate market concerns

Insights

Financial Analyst

Robin Energy has diluted existing shareholders by 6.6M shares, raising $8.6M but at a low $1.30 price point that may signal market concerns.

Robin Energy has closed its previously announced public offering, raising approximately $8.6 million through the issuance of 6,634,000 common shares (including overallotment) at $1.30 per share. This relatively low price point warrants attention as it likely represents a significant discount to previous trading levels, suggesting possible market concerns about the company's outlook or financial health. The offering was managed by Maxim Group LLC, who partially exercised their overallotment option for an additional 864,770 shares, indicating some additional demand beyond the initial offering.

The dilutive impact is substantial here—6.6 million new shares entering the market will significantly increase the company's outstanding share count. While the company states the proceeds will be used for "working capital and general corporate purposes," this vague designation provides limited transparency about specific strategic initiatives. This language often signals defensive capital raising rather than growth-oriented investment.

For a shipping company like Robin Energy, with only two vessels in its fleet (one Handysize tanker and one LPG carrier), this capital raise is particularly significant. The current small fleet size limits revenue diversification and creates concentrated operational risk. The $8.6 million raised, while providing short-term liquidity, appears insufficient for meaningful fleet expansion, suggesting the funds may be primarily directed toward strengthening the balance sheet or addressing existing obligations rather than pursuing growth opportunities in the energy transportation market.

LIMASSOL, Cyprus, Sept. 15, 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 the closing of its previously announced underwritten public offering of 5,769,230 shares of its common stock at a public offering price of $1.30 per share (the “Offering”). In connection with the Offering, the underwriter partially exercised its overallotment option and purchased an additional 864,770 shares of the Company’s common stock at a public offering price of $1.30 per share for additional gross proceeds of approximately $1.1 million. The aggregate gross proceeds from the Offering, including the partial overallotment option, to Robin Energy were approximately $8.6 million, before deducting underwriting discounts, commissions, and other Offering expenses.

Maxim Group LLC acted as sole book-running manager for the Offering.

Robin Energy intends to use the net proceeds from the Offering for working capital and general corporate purposes.

The Offering was made pursuant to an effective shelf registration statement on Form F-3 (File No. 333-286726), previously filed with the U.S. Securities and Exchange Commission (the “SEC”) on April 24, 2025 and subsequently declared effective by the SEC on April 28, 2025. The Offering was made only by means of a written prospectus and prospectus supplement that form a part of the registration statement. A final prospectus supplement and accompanying prospectus relating to the Offering and describing the terms thereof has been filed with the SEC and is available on the SEC’s website at http://www.sec.gov. Copies of the final prospectus supplement and accompanying prospectus may also be obtained by contacting Maxim Group LLC, at 300 Park Avenue, 16th Floor, New York, NY 10022, Attention: Syndicate Department, or by telephone at (212) 895-3745 or by email at syndicate@maximgrp.com.

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 owns one Handysize tanker vessel and one LPG carrier that carry petrochemical gases and refined petroleum products worldwide.

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 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, 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 http://www.sec.gov. 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 Relations
Robin Energy Ltd.
Email: ir@robinenergy.com

FAQ

What was the total amount raised in Robin Energy's (RBNE) public offering?

Robin Energy raised $8.6 million in gross proceeds, including $1.1 million from the partial exercise of the overallotment option.

How many shares did Robin Energy (RBNE) sell in its September 2025 offering?

Robin Energy sold a total of 6,634,000 shares, consisting of 5,769,230 initial shares plus 864,770 additional shares through the overallotment option.

What is the price per share for Robin Energy's (RBNE) public offering?

The public offering price was set at $1.30 per share.

How will Robin Energy (RBNE) use the proceeds from the offering?

Robin Energy intends to use the net proceeds for working capital and general corporate purposes.

What is Robin Energy's (RBNE) current fleet composition?

Robin Energy owns two vessels: one Handysize tanker vessel and one LPG carrier, used for transporting petrochemical gases and refined petroleum products globally.