Robin Energy Announces Final Results of Tender Offer for Common Shares

Rhea-AI Summary

Robin Energy (NASDAQ: RBNE) announced final results of its tender offer that expired April 23, 2026. The company received 1,909,473 shares tendered and accepted an aggregate of 1,000,000 shares at $3.00 per share for approximately $3.0 million (excluding fees).

Accepted shares were pro rata with full acceptance of 339,775 odd lots; the final proration factor was 42.069%. Payment will be made promptly to holders of accepted shares.

Positive

• Repurchased 1,000,000 shares at $3.00 per share, reducing outstanding float
• Tender offer fully funded for an aggregate cost of approximately $3.0 million
• Odd-lot tenders (339,775 shares) accepted in full, favoring small holders

Negative

• Tender offer was oversubscribed; only 42.069% proration applied to acceptances
• Approximately 909,473 tendered shares were not accepted, limiting immediate buyback impact

News Market Reaction – RBNE

-7.69%

13 alerts

-7.69% Session close to close

+21.5% Peak Tracked

-11.6% Trough Tracked

$13.78M Market Cap

0.1x Rel. Volume

In the Apr 28 session, RBNE declined 7.69%, reflecting a notable negative market reaction. Argus tracked a peak move of +21.5% during that session. Argus tracked a trough of -11.6% from its starting point during tracking. Our momentum scanner triggered 13 alerts that day, indicating notable trading interest and price volatility.

Data tracked by StockTitan Argus on the day of publication.

Market Context

The stock moved -7.7% in the session following this news. A negative reaction despite the tender’s c...

Analysis

The stock moved -7.7% in the session following this news. A negative reaction despite the tender’s completion could fit the company’s pattern of mixed responses to capital structure moves. While buying back 1,000,000 shares at $3.00 reduced outstanding shares versus the pre-offer level, investors may have focused on prior volatility and the stock’s position below its 200-day MA of $5.84. An effective shelf registration and earlier ATM usage highlight ongoing financing flexibility, which some shareholders might interpret as dilution risk over time.

Key Figures

Shares tendered: 1,909,473 shares Shares accepted: 1,000,000 shares Odd-lot shares: 339,775 shares +5 more

8 metrics

Shares tendered 1,909,473 shares Properly tendered and not withdrawn in offer expiring April 23, 2026

Shares accepted 1,000,000 shares Total common shares accepted for payment in the tender offer

Odd-lot shares 339,775 shares Odd lots tendered and accepted in full under offer terms

Tender price $3.00 per share Net to seller in cash, excluding fees and withholding taxes

Proration factor 42.069% Final proration factor applied to non–odd-lot tenders

Offer expiration 5:00 P.M. ET Expiration time on April 23, 2026 for tender offer

LPG carriers 2 vessels Number of LPG carriers in Robin Energy’s fleet

Tanker vessels 1 vessel Number of tanker vessels in Robin Energy’s fleet

Historical Context

5 past events · Latest: Apr 10 (Neutral)

Pattern 5 events

Date	Event	Sentiment	24h Move	Catalyst
Apr 10	Annual report filing	Neutral	+8.9%	Form 20-F filing made 2025 financial statements available to shareholders.
Apr 10	Earnings and fleet update	Positive	-16.0%	Reported strong revenue growth, larger cash balance and fleet expansion.
Mar 24	Tender offer launch	Positive	+91.8%	Announced self-tender to buy up to 1,000,000 shares at $3.00 per share.
Mar 12	ATM equity raise	Neutral	-1.7%	Raised $13.9M via ATM at $4.31 average price, all warrants exercised.
Mar 10	Tanker spin-off plan	Positive	-8.6%	Proposed spin-off of tanker business into AI OKTO with share distribution.

24h Move is the share-price change in the day after each event; other market factors may also have contributed.

Pattern Detected

Corporate actions and strategic announcements (ATM raise, spin-off, earnings) have often seen negative or mixed next-day reactions, while the initial tender launch drew a strong positive move.

Recent Company History

Over recent months, Robin Energy has focused on capital structure and strategic repositioning. On March 10, 2026, it announced a proposed tanker spin-off into AI OKTO. Shortly after, it raised $13.9 million via an ATM program and, on March 24, 2026, commenced a self-tender for up to 1,000,000 shares at $3.00, which drove a sharp price gain. The April 2025 results and 20-F filing on April 10, 2026 highlighted strong revenue growth but a small net loss. Today’s final tender results follow through on that previously announced buyback.

Key Terms

tender offer, odd lots, Schedule TO, Letter of Transmittal, +1 more

5 terms

tender offer financial

"announces today the final results of its tender offer (the “Offer”)"

A tender offer is a proposal made by a person or company to buy shares from existing shareholders at a set price, usually higher than the current market value, within a specific time frame. It matters to investors because it can lead to a change in ownership or control of a company, and shareholders must decide whether to sell their shares at the offered price.

View in glossary

odd lots financial

"including 339,775 “odd lots,” at a purchase price of $3.00 per share"

Shares traded in quantities smaller than a market’s standard batch—typically fewer than 100 shares—are called odd lots. Think of buying a few cookies from a pack instead of the whole box: odd lots are smaller, individual-sized trades that can matter because they may execute less smoothly, face slightly different pricing or visibility, and signal retail-level activity to investors assessing liquidity and demand.

Schedule TO regulatory

"as a part of the Issuer Tender Offer Statement on Schedule TO (the “Schedule TO”)"

A phrase indicating that a company plans or intends to hold an event, publish information, or take an action at a specified future time, but that the timing is not guaranteed and may change. For investors it signals an expected milestone—like an earnings call, product launch, or filing—so think of it as a calendar note rather than a firm promise; timing shifts can affect trading, expectations, and planning.

View in glossary

Letter of Transmittal financial

"Offer to Purchase and related Letter of Transmittal included, among other items"

A letter of transmittal is a written form investors use when sending physical stock certificates or electronic ownership documents to a company or its agent to surrender shares, tender them in an offer, or claim payment or replacement securities. It acts like a packing slip that lists what is enclosed, gives instructions on how the transfer should be handled, and provides proof of the transaction—important for ensuring investors receive the correct payment or new securities without delay or dispute.

forward-looking statements regulatory

"Cautionary Statement Regarding Forward-Looking Statements Matters discussed in this press release"

Forward-looking statements are predictions or plans that companies share about what they expect to happen in the future, like estimating sales or profits. They matter because they help investors understand a company's outlook, but since they are based on guesses and assumptions, they can sometimes be wrong.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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LIMASSOL, Cyprus, April 27, 2026 (GLOBE NEWSWIRE) -- Robin Energy Ltd. (NASDAQ: RBNE) (“Robin Energy” or the “Company”), an international ship-owning company providing energy transportation services globally, announces today the final results of its tender offer (the “Offer”), which expired at 5:00 P.M. Eastern time on April 23, 2026.

Based on the final count by Broadridge Corporate Issuer Solutions LLC, the depositary for the tender offer, 1,909,473 common shares (the “Shares”) were properly tendered and not properly withdrawn prior to expiration of the Offer. The tender offer was oversubscribed. In accordance with the terms and conditions of the tender offer and based on the final count by the depositary, Robin Energy accepted for payment an aggregate of 1,000,000 Common Shares including 339,775 “odd lots,” at a purchase price of $3.00 per share, net to the seller in cash, less any applicable withholding taxes and without interest, for an aggregate cost of approximately $3,000,000 excluding fees relating to the Offer. Robin Energy accepted the shares on a pro rata basis, except for tenders of “odd lots,” which were accepted in full. Robin Energy has been informed by the depositary that the final proration factor for the tender offer was 42.069%. The Company will promptly pay for all of the Shares accepted for purchase.

If shareholders have any questions, please call our information agent, Georgeson LLC at (866) 765-9035 (toll free). Parties outside the U.S. can reach the information agent at +1 (646) 922-9320.

Important Additional Information about the Offer

This press release is for informational purposes only and is not a recommendation to buy or sell the Shares or any other securities, and it is neither an offer to purchase nor a solicitation of an offer to sell Shares or any other securities. The Offer was made solely pursuant to the Offer to Purchase and related Letter of Transmittal included, among other items, as exhibits to and as a part of the Issuer Tender Offer Statement on Schedule TO (the “Schedule TO”) filed by the Company with the SEC. Investors may obtain a free copy of the Schedule TO, the Offer to Purchase, the Letter of Transmittal and other documents that the Company has filed with the SEC at the SEC’s website at www.sec.gov.

About Robin Energy Ltd.

Robin Energy is an international ship-owning company providing energy transportation services globally. The Company’s fleet comprises two LPG Carriers and one tanker vessel that carry petrochemical gases and refined petroleum products worldwide.

For more information, please visit the Company’s website at www.robinenergy.com. 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. 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, 2025 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

How many Robin Energy (RBNE) shares were accepted in the April 23, 2026 tender offer?

Robin Energy accepted 1,000,000 common shares for purchase. According to the company, that acceptance was at $3.00 per share, representing an aggregate cost of approximately $3.0 million, excluding offer-related fees.

What was the proration factor for RBNE's April 2026 tender offer and what does it mean?

The final proration factor was 42.069%. According to the company, this means pro rata acceptances were reduced so roughly 42.069% of non-odd-lot tenders were purchased, with odd lots accepted in full.

How many shares were tendered to Robin Energy (RBNE) and was the offer oversubscribed?

Investors properly tendered 1,909,473 shares, and the offer was oversubscribed. According to the company, this resulted in pro rata reductions and full acceptance of 339,775 odd-lot shares.

At what price did RBNE buy back shares in the April 2026 tender offer and when will payment occur?

Robin Energy purchased accepted shares at $3.00 per share. According to the company, it will promptly pay for all accepted shares, net to sellers in cash, less applicable withholding taxes and without interest.

How did the tender offer treat odd-lot shareholders for RBNE's April 2026 offer?

Odd-lot tenders were accepted in full for this offer. According to the company, 339,775 odd-lot shares were fully accepted while other tenders were accepted on a pro rata basis at the stated proration factor.