Star Bulk Carriers Corp. Announcement Admission to Parallel Listing on Euronext Athens and Equity Offering in Greece of up to €112.2 Million

Star Bulk Carriers (SBLK) plans a parallel listing of all its common shares on the Main Market of Euronext Athens and an equity offering in Greece of up to 4,400,000 new common shares.

Rhea-AI Summary

Star Bulk Carriers (SBLK) plans a parallel listing of all its common shares on the Main Market of Euronext Athens and an equity offering in Greece of up to 4,400,000 new common shares. The new shares will trade under ticker “SBLK”, like the existing Nasdaq-listed shares.

The gross proceeds may reach up to €112.2 million at a maximum offering price of €25.50 per share, with estimated net proceeds of about €104.9 million after approximately €7.3 million in expenses, assuming full subscription. Trading on Euronext Athens is expected to commence on September 16, 2026, following an offering period scheduled for September 9–11, 2026.

Positive

• Equity offering up to 4,400,000 new shares in Greece, potentially raising gross proceeds of up to €112.2 million at a maximum price of €25.50 per share.
• Net proceeds estimated at approximately €104.9 million after around €7.3 million in Offering and Admission expenses, assuming full subscription at the maximum price.
• Parallel listing on Euronext Athens of all existing and new common shares, with trading expected to commence on September 16, 2026.
• CEO family indicates interest to invest up to €6.0 million in the Offering through family-controlled entities, subject to final terms.
• Cancellation of 313,894 treasury shares repurchased on Nasdaq in Q2 2026, slightly reducing the number of shares outstanding.

Negative

• Potential dilution from issuance of up to 4,400,000 new shares, which will increase the total share count if the Offering is fully subscribed.
• Offering and Admission expenses of approximately €7.3 million, which will reduce gross proceeds and represent a direct transaction cost.

News Explained

The offering can dilute existing ownership, while the announced family participation remains conditional and the final share count is not yet fixed.

Star Bulk has received Greek regulatory approvals and is undertaking an offering of up to 4,400,000 new voting shares alongside the Athens parallel listing; if issued, those shares increase total share count and reduce existing holders’ percentage ownership.

The listing covers all outstanding common shares, including the new shares, while the new shares are expected to trade on Nasdaq on the same basis as existing shares; in plain terms, Athens adds a second trading market while the offering adds shares to the company.

The company separately reports that it cancelled 313,894 treasury shares on September 2, 2026, after repurchasing them on Nasdaq during the second quarter; the final net share-count effect remains unsettled until the offering results are known.

The chief executive’s family-controlled entities may invest up to €6.0 million, subject to the final terms, making this stated potential participation rather than a completed investment.

Market Context

Star Bulk’s August 5 earnings report generated a 2.25% 24-hour reaction, providing a historical comp...

Analysis

Star Bulk’s August 5 earnings report generated a 2.25% 24-hour reaction, providing a historical comparison for this offering. The platform record adds context, while recent net selling remains a risk to monitor.

Key Figures

Maximum offering size: €112.2 million New shares: 4,400,000 shares Offering expenses: approximately €7.3 million +5 more

8 metrics

Maximum offering size €112.2 million Equity offering

New shares 4,400,000 shares Offering

Offering expenses approximately €7.3 million Estimated offering and admission expenses

Maximum offering price €25.50 Per New Share

Dollar offering price $29.521 Per New Share equivalent

Expected net proceeds approximately €104.9 million Assuming maximum offering price and full subscription

Family investment up to €6.0 million CEO's family participation, subject to final offering terms

Treasury shares cancelled 313,894 shares Shares repurchased during the second quarter of 2026

Historical Context

5 past events · Latest: Aug 10 (Negative)

Pattern 5 events

Date	Event	Sentiment	24h Move	Catalyst
Aug 10	Vessel deal termination	Negative	-2.7%	Termination removed planned vessel acquisition; shares fell 2.71% over 24 hours.
Aug 05	Quarterly earnings report	Positive	+2.3%	Strong quarterly results accompanied by net income and EPS improvement; shares rose 2.25%.
Jul 23	Earnings date announcement	Neutral	+1.4%	Results scheduling announcement preceded a 1.42% 24-hour share-price gain for SBLK.
May 20	Quarterly earnings report	Positive	+0.9%	Profit, revenue, and dividend announcement accompanied a 0.86% 24-hour gain.
May 12	Annual meeting results	Neutral	+2.2%	Shareholder approvals and auditor appointment accompanied a 2.24% 24-hour gain.

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

Pattern Detected

Recent reactions were generally aligned with the apparent event direction, with one neutral-event divergence.

Key Terms

parallel listing, regulation s, treasury shares, par value

4 terms

parallel listing regulatory

"the admission to parallel listing for trading on the Main Market"

A parallel listing is when a company's same class of shares are listed and trade on more than one stock exchange at the same time, without creating a separate corporate entity. It matters to investors because it can expand who can buy the stock, change trading hours and currencies, affect liquidity and price differences between venues (creating arbitrage opportunities), and subject the company to multiple regulatory and reporting rules—like a store opening the same shop in two different malls.

regulation s regulatory

"in offshore transactions in reliance on Regulation S under the Securities Act"

Regulation S is a set of rules that allows companies to sell securities (like shares or bonds) to investors outside the United States without having to follow all U.S. securities laws. It matters because it makes it easier for companies to raise money from international investors while still complying with U.S. regulations.

treasury shares financial

"they cancelled 313,894 treasury shares"

Treasury shares are a company’s own stock that it has repurchased and keeps on its books instead of canceling or leaving in the hands of outside investors. Think of them like coupons a business puts back in a drawer: they don’t vote or receive dividends while held, but they can be reissued later for employee pay or fundraising. For investors this matters because buybacks change the number of shares that count toward earnings and ownership, can boost per‑share metrics, and use corporate cash that might otherwise go to growth or dividends.

par value financial

"common shares, par value $0.01 each"

Par value is the fixed amount printed on a bond or stock that represents its original value when issued. It’s like the face value of a coin or bill—what the issuer promises to pay back or the starting price of a stock—though it often doesn’t change with market prices. It matters because it helps determine certain financial details, like how much the company will pay back at maturity.

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

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IMPORTANT NOTICE – DISCLAIMER

Not for release or distribution or publication in whole or in part, directly or indirectly, in or into Australia, Canada, Japan or the Republic of South Africa. These materials do not contain or constitute an offer for sale or the solicitation of an offer to purchase securities in the United States, Australia, Canada, Japan or the Republic of South Africa.

The securities mentioned herein have not been and will not be registered under the U.S. Securities Act of 1933, as amended (the "Securities Act"), and may not be offered or sold in the United States or to U.S. persons absent such registration, except pursuant to an exemption from, or in a transaction not subject to, the registration requirements of the Securities Act. No offering of securities is being made in the United States or to U.S. persons.

ATHENS, Greece, Sept. 04, 2026 (GLOBE NEWSWIRE) -- Star Bulk Carriers Corp. (the “Company”) (Nasdaq: SBLK), an international maritime shipping company based in the Marshall Islands specializing in the transportation of dry bulk commodities, hereby announces that it is undertaking:

1. the admission to parallel listing for trading (the “Admission”) on the Main Market of the Regulated Securities Market of Euronext Athens (the “Euronext Athens”) of all common shares, par value $0.01 each, issued by the Company and outstanding, including the New Shares (as defined below) (collectively, the “Common Shares”); and
2. an offering of up to 4,400,000 new common registered voting shares of the Company, par value $0.01 each
   (the “New Shares” and such offering, the “Offering”).

The Company has received the requisite regulatory approvals in Greece for the Admission and the Offering. The New Shares will trade under the same ticker symbol, “SBLK”, as the Company’s existing Common Shares listed on the Nasdaq Global Select Market (the “Nasdaq”) since December 2007. The New Shares are expected to be admitted to trading on Nasdaq on the same basis as the existing Common Shares.

The New Shares have not been, and will not be, registered under the U.S. federal securities laws or the securities laws of any other jurisdiction, and the New Shares may not be offered or sold in the United States or to U.S. persons unless an exemption from the registration requirements of the Securities Act is available. The New Shares are being offered and sold to non-U.S. persons outside the United States in offshore transactions in reliance on Regulation S under the Securities Act.

Indicative Timetable

The expected indicative timetable for the Offering and the Admission of the Common Shares to trading on the Main Market of the Regulated Securities Market of Euronext Athens is set out below:

Indicative Date	Event
September 8, 2026	Announcement regarding the offering price range
September 9, 2026	Commencement of the Offering
September 11, 2026	Completion of the Offering
September 11, 2026	Determination and publication of the final offering price of the New Shares
September 15, 2026	Settlement of the Offering

1

Not for release or distribution or publication in whole or in part, directly or indirectly, in or into Australia, Canada, Japan or the Republic of South Africa.

Indicative Date	Event
September 16, 2026	Commencement of trading of the Common Shares on Euronext Athens

Investors should note that the timetable above is indicative and subject to change, in which case the Company will duly and timely inform investors through a public announcement.

Additional Information

The net proceeds from the issuance of the New Shares—calculated as, the gross proceeds less the estimated Offering and Admission expenses of approximately €7.3 million, assuming the maximum offering price for the New Shares, as specified in the offering documentation, of €25.50 ($29.52¹) and subscription of the totality of the New Shares—are expected to amount to approximately €104.9 million.

The Company’s chief executive officer, Mr. Petros Pappas has informed the Company’s Board of Directors of his family’s interest in participating, through legal entities controlled by members of his family investing in shipping equities, in the Offering for a total investment amount of up to €6.0 million subject to the final terms and conditions of the Offering.

The Company also announced that on September 2, 2026, they cancelled 313,894 treasury shares, previously
repurchased on the NASDAQ during the second quarter of 2026.

Friday, September 4, 2026
Star Bulk Carriers Corp.

Important Notice – Disclaimer

This announcement includes “forward-looking statements,” with respect to our expectations or beliefs concerning future events. Words such as, but not limited to, “believe,” “expect,” “anticipate,” “estimate,” “intend,” “plan,” “targets,” “projects,” “likely,” “would,” “will,” “could,” “should,” “may,” “forecasts,” “potential,” “continue,” “possible” and similar expressions or phrases may identify forward-looking statements.

All forward-looking statements involve risks and uncertainties. The occurrence of the events described depends on many factors, some or all of which are not predictable or within our control. Important factors that, in our view, could cause actual results to differ materially from those discussed in the forward-looking statements include, but are not limited to, market conditions, disruptions to the mechanics required to operate cross-border trading, disruptions to trading on Euronext Athens, and other technical impediments to the commencement of trading. All future written and verbal forward-looking statements attributable to us or any person acting on our behalf are expressly qualified in their entirety by the cautionary statements contained or referred to in this section. We undertake no obligation, and specifically decline any obligation, except as required by law, to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.

__________________________________

¹ The figures as of September 2, 2026 have been converted into Euros based on the EUR/USD exchange rate (1 EUR = 1.1578 USD) on that date. (Source: European Central Bank)

2

Contacts

Company:	Investor Relations / Financial Media:
Simos Spyrou, Christos Begleris	Nicolas Bornozis
Co ‐ Chief Financial Officers	President
Star Bulk Carriers Corp.	Capital Link, Inc.
c/o Star Bulk Management Inc.	230 Park Avenue, Suite 1540
40 Ag. Konstantinou Av.	New York, NY 10169
Maroussi 15124	Tel. (212) 661‐7566
Athens, Greece	E‐mail: starbulk@capitallink.com
Email: info@starbulk.com	www.capitallink.com
www.starbulk.com

FAQ

What did Star Bulk Carriers (SBLK) announce about its Euronext Athens listing and equity offering?

Star Bulk Carriers announced the admission of all its common shares to a parallel listing on the Main Market of Euronext Athens and an equity offering in Greece of up to 4,400,000 new common shares. The new shares will trade under the same ticker, SBLK, as on Nasdaq.

How much capital could Star Bulk Carriers (SBLK) raise from the Greek equity offering?

At a maximum offering price of €25.50 per new share and up to 4,400,000 shares, Star Bulk Carriers could raise gross proceeds of up to €112.2 million. Net proceeds are expected to be about €104.9 million after approximately €7.3 million in related expenses, assuming full subscription.

When will the Star Bulk Carriers (SBLK) offering and Euronext Athens trading take place?

The Offering is expected to run from September 9 to September 11, 2026, with the final offering price determined on September 11, 2026 and settlement on September 15, 2026. Trading of the common shares on Euronext Athens is expected to commence on September 16, 2026, subject to changes in the indicative timetable.

How will the new Star Bulk Carriers (SBLK) shares be offered with respect to U.S. securities laws?

The new shares have not been and will not be registered under U.S. federal securities laws. They may not be offered or sold in the United States or to U.S. persons unless an exemption from registration is available. The Offering targets non-U.S. persons in offshore transactions under Regulation S of the Securities Act.

Is management participating in the Star Bulk Carriers (SBLK) equity offering in Greece?

The company’s chief executive officer, through family-controlled entities investing in shipping equities, has expressed interest in participating in the Offering for a total amount of up to €6.0 million, subject to the final terms and conditions of the Offering.

What share capital changes did Star Bulk Carriers (SBLK) announce alongside the offering?

Star Bulk Carriers reported that on September 2, 2026, it cancelled 313,894 treasury shares that had been repurchased on Nasdaq during the second quarter of 2026, modestly reducing the number of shares outstanding.

What are the estimated costs associated with the Star Bulk Carriers (SBLK) Euronext Athens admission and offering?

The combined Offering and Admission expenses are estimated at approximately €7.3 million, based on the assumption of the maximum offering price of €25.50 per share and full subscription of all 4,400,000 new shares.