Robin Energy sets 1-for-15 reverse stock split
Robin Energy Ltd. is implementing a one-for-fifteen reverse stock split of its common shares, combining every 15 shares into 1 share without changing the par value or each holder’s ownership percentage, apart from rounding.
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Rhea-AI Filing Summary
Robin Energy Ltd. is implementing a one-for-fifteen reverse stock split of its common shares, combining every 15 shares into 1 share without changing the par value or each holder’s ownership percentage, apart from rounding.
The split takes effect at 11:59 pm Eastern Time on July 8, 2026, and the shares will trade on a split-adjusted basis on the Nasdaq Capital Market under the existing symbol “RBNE” from the opening on July 9, 2026. The transaction will reduce the number of outstanding common shares from approximately 8.7 million to approximately 0.6 million, and a new CUSIP number will apply. No fractional shares will be issued; instead, cash will be paid for fractional entitlements based on the July 8, 2026 closing price.
Insights
Robin Energy is consolidating its share count via a 1-for-15 reverse split.
Robin Energy Ltd. will execute a one-for-fifteen reverse stock split, cutting its outstanding common shares from about 8.7 million to about 0.6 million. Each holder’s proportional ownership and voting rights remain the same aside from minor rounding effects.
The shares will start trading on a split-adjusted basis on the Nasdaq Capital Market on July 9, 2026, under the same ticker, with a new CUSIP. Cash will be paid in lieu of fractional shares, calculated using the July 8, 2026 closing price. Subsequent disclosures may show how the new share structure interacts with market conditions.
Key Figures
Key Terms
reverse stock split financial
Nasdaq Capital Market financial
CUSIP number financial
forward-looking statements regulatory
safe harbor provisions regulatory
Risk Factors financial
FAQ
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