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Okeanis Eco Tankers (ECO) issues 3.6M new shares, raises $130m

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(Neutral)
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(Neutral)
Form Type
6-K

Rhea-AI Filing Summary

Okeanis Eco Tankers Corp. has completed a new share issue of 3,611,111 common shares at USD 36.00 per share, raising gross proceeds of about USD 130 million. The new shares have been issued in The Depository Trust Company in the United States and are expected to begin trading on the New York Stock Exchange on or around 23 January 2026, with the ability to move to Euronext Securities Oslo and trade on Euronext Oslo Børs.

After issuing these shares, the company has 39,740,547 common shares issued and 39,044,655 common shares outstanding as of the announcement, with 695,892 shares held in treasury, each with a par value of USD 0.001. The offering was conducted through a previously declared effective shelf registration statement on Form F-3, using a prospectus and prospectus supplement filed with the SEC.

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Insights

Okeanis Eco Tankers raises about $130m via new share issue.

Okeanis Eco Tankers Corp. completed a primary equity offering of 3,611,111 new common shares at USD 36.00 per share, for gross proceeds of roughly USD 130 million. The transaction was executed off an effective shelf registration and distributed through international investment banks as joint global coordinators and bookrunners.

Following the deal, the company reports 39,740,547 common shares issued and 39,044,655 shares outstanding, with 695,892 held in treasury. The actual impact of this issuance depends on how the new capital is deployed compared with the dilution from the added shares, something that is not detailed in this communication.

The new shares are expected to trade on the New York Stock Exchange on or around 23 January 2026, with the option to transfer between DTC and Euronext Securities Oslo for trading on Euronext Oslo Børs. Future company filings may provide more detail on how the raised funds affect operations, leverage, and fleet strategy.

 

 

 

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

Form 6-K

 

REPORT OF FOREIGN PRIVATE ISSUER PURSUANT TO RULE 13a-16 OR 15d-16
UNDER THE SECURITIES EXCHANGE ACT OF 1934

 

For the month of January 2026

 

Commission File Number: 001-41858

 

Okeanis Eco Tankers Corp.

(Translation of registrant’s name into English)

 

c/o OET Chartering Inc., Ethnarchou Makariou Ave., & 2 D. Falireos St., 185 47 N. Faliro, Greece

(Address of principal executive office)

 

Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F:

 

Form 20-F x             Form 40-F ¨

 

 

 

 

 

 

INFORMATION CONTAINED IN THIS FORM 6-K REPORT

 

Attached to this report on Form 6-K as Exhibit 99.1 is a copy of the press release published by Okeanis Eco Tankers Corp. on January 23, 2026, titled “Okeanis Eco Tankers Corp. – New Shares Issued and Commencement of Trading.”

 

This report on Form 6-K shall not constitute an offer to sell or the solicitation of an offer to buy the securities discussed herein, nor shall there be any offer, solicitation, or sale of the securities in any state in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state.

 

This report on Form 6-K and the exhibit(s) hereto are hereby incorporated by reference into the registrant’s registration statements: (A) on Form F-3 (File No. 333-287032), filed with the Securities and Exchange Commission on May 7, 2025 and declared effective on May 21, 2025 and (B) on Form F-3 (File No. 333-287036), filed with the Securities and Exchange Commission on May 7, 2025 and declared effective on May 21, 2025.

 

 

 

 

SIGNATURES

 

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

 

  Okeanis Eco Tankers Corp.
     
  By: /s/ Iraklis Sbarounis
  Name: Iraklis Sbarounis
  Title: Chief Financial Officer

 

Date: January 23, 2026

 

 

 

 

Exhibit 99.1

 

Okeanis Eco Tankers Corp. - New Shares Issued and Commencement of Trading

 

ATHENS, GREECE, 23 January 2026 - Reference is made to the stock exchange release by Okeanis Eco Tankers Corp. (the “Company”, OSE ticker code: “OET”, NYSE ticker code: “ECO”) on 21 January 2026 regarding the successful offering of 3,611,111 new common shares (the “Offer Shares”) of the Company at a price of USD 36.00 per Offer Share, raising gross proceeds of approximately USD 130 million (the “Offering”).

 

The Company has issued the Offer Shares in The Depository Trust Company (the "DTC") in the United States and such shares will be available for trading on the New York Stock Exchange on or around 23 January 2026. The Offer Shares may also be transferred from DTC to Euronext Securities Oslo (the "VPS") in accordance with the customary arrangements for transfers of the Company’s common shares between DTC and VPS and be traded on Euronext Oslo Børs.

 

Following issuance of the Offer Shares, the Company has 39,740,547 common shares issued, of which 39,044,655 common shares are deemed outstanding (there are 695,892 common shares held in treasury), each with a par value of USD 0.001.

 

Fearnley Securities AS and Clarksons Securities AS have acted as joint global coordinators and joint bookrunners, and Pareto Securities AS has acted as joint bookrunner for the Offering (collectively referred to as the “Managers”). Advokatfirmaet BAHR AS acted as Norwegian legal counsel, and Watson Farley & Williams LLP acted as US legal counsel, to the Company. Advokatfirmaet Thommessen AS acted as Norwegian legal counsel, and Seward & Kissel LLP acted as US legal counsel, to the Managers.

 

The Offer Shares were sold pursuant to a shelf registration statement on Form F-3 (File No. 333- 287032), previously filed with the Securities and Exchange Commission (the “SEC”) on 7 May 2025 and declared effective on 21 May 2025. The Offering was made only by means of a prospectus, including a prospectus supplement prepared specifically in relation to the Offering and filed under Rule 424(b) under the U.S. Securities Act of 1933, forming a part of the effective registration statement. A final prospectus supplement and accompanying prospectus relating to the securities described above were filed with the SEC on 21 January 2026. Copies of the prospectus supplement and the accompanying prospectus relating to Offering may be obtained at www.sec.gov. A written prospectus may also be obtained by contacting Fearnley Securities AS at prospectus@fearnleys.com, Clarksons Securities AS at compliance.oslo@clarksons.com or Pareto Securities AS subscription@paraetosec.com.

 

Contacts

 

Company:

 

Iraklis Sbarounis, CFO

Tel: +30 210 480 4200

ir@okeanisecotankers.com

 

Investor Relations / Media Contact:

 

Nicolas Bornozis, President

Capital Link, Inc.

230 Park Avenue, Suite 1540, New York, N.Y. 10169

Tel: +1 (212) 661-7566

okeanisecotankers@capitallink.com

 

 

 

 

About OET

 

OET is a leading international tanker company providing seaborne transportation of crude oil and refined products. The Company was incorporated on April 30, 2018 under the laws of the Republic of the Marshall Islands and is listed on Oslo Stock Exchange under the symbol OET and the New York Stock Exchange under the symbol ECO. The sailing fleet consists of eight modern scrubber-fitted Suezmax tankers and eight modern scrubber-fitted VLCC tankers. 

 

***

 

This information is subject to disclosure under the Norwegian Securities Trading Act, Section 5-12.

 

This announcement shall not constitute an offer to sell or the solicitation of an offer to buy any securities, nor shall there be any sale of these securities in any state or 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 jurisdiction.

 

The distribution of this announcement into jurisdictions other than Norway may be restricted by law. Persons into whose possession this announcement comes should inform themselves about and observe any such restrictions. Any failure to comply with these restrictions may constitute a violation of the securities laws of any such jurisdiction. This announcement has not been approved by any regulatory authority.

 

Forward-Looking Statements

 

This communication contains “forward-looking statements”, including as defined under applicable laws, such as the US Private Securities Litigation Reform Act of 1995. Forward-looking statements provide the Company’s current expectations or forecasts of future events. Forward-looking statements include statements about the Company’s expectations, beliefs, plans, objectives, intentions, assumptions and other statements that are not historical facts or that are not present facts or conditions. Words or phrases such as “anticipate,” “believe,” “continue,” “estimate,” “expect,” “hope,” “intend,” “may,” “ongoing,” “plan,” “potential,” “predict,” “project,” “should,” “will” or similar words or phrases, or the negatives of those words or phrases, may identify forward-looking statements, but the absence of these words does not necessarily mean that a statement is not forward-looking. Forward-looking statements are subject to known and unknown risks and uncertainties and are based on potentially inaccurate assumptions that could cause actual results to differ materially from those expected or implied by the forward-looking statements. The Company’s actual results could differ materially from those anticipated in forward-looking statements for many reasons, including as described in the Company’s filings with the SEC. Accordingly, you should not unduly rely on these forward-looking statements, which speak only as of the date of this communication. Factors that could cause actual results to differ materially include, but are not limited to, the Company’s operating or financial results; the Company’s liquidity, including its ability to service its indebtedness; competitive factors in the market in which the Company operates; shipping industry trends, including charter rates, vessel values and factors affecting vessel supply and demand; future, pending or recent acquisitions and dispositions, business strategy, areas of possible expansion or contraction, and expected capital spending or operating expenses; risks associated with operations; broader market impacts arising from war (or threatened war) or international hostilities; risks associated with pandemics, including effects on demand for oil and other products transported by tankers and the transportation thereof; and other factors listed from time to time in the Company’s filings with the SEC. Except to the extent required by law, the Company expressly disclaims any obligations or undertaking to release publicly any updates or revisions to any forward-looking statements contained herein to reflect any change in the Company’s expectations with respect thereto or any change in events, conditions, or circumstances on which any statement is based. You should, however, review the factors and risks the Company describes in the reports it files and furnishes from time to time with the SEC, which can be obtained free of charge on the SEC’s website at www.sec.gov.

 

 

 

FAQ

How many new shares did Okeanis Eco Tankers Corp. (ECO) issue in the January 2026 offering?

Okeanis Eco Tankers Corp. issued 3,611,111 new common shares in the offering described, referred to as the Offer Shares.

What price did Okeanis Eco Tankers Corp. (ECO) receive per new share and how much was raised?

Each new share was sold at USD 36.00 per Offer Share, raising gross proceeds of approximately USD 130 million.

When will the new Okeanis Eco Tankers (ECO) shares start trading on the NYSE?

The Company states that the new shares will be available for trading on the New York Stock Exchange on or around 23 January 2026.

How many Okeanis Eco Tankers (ECO) shares are issued and outstanding after the offering?

After issuing the new shares, the Company has 39,740,547 common shares issued, of which 39,044,655 are outstanding and 695,892 are held in treasury.

On which exchanges can Okeanis Eco Tankers Corp. (ECO) shares trade after this offering?

The new shares are issued in DTC for trading on the NYSE and may be transferred to Euronext Securities Oslo for trading on Euronext Oslo Børs.

Under what registration did Okeanis Eco Tankers (ECO) conduct this share offering?

The Offer Shares were sold under a shelf registration statement on Form F-3 (File No. 333-287032), with a prospectus and prospectus supplement filed with the SEC.
Okeanis Eco Tank

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1.32B
15.68M
58.36%
17.97%
0.42%
Marine Shipping
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Greece
Neo Faliro