Robin Energy raises $13.9M via ATM shares
Rhea-AI Filing Summary
Robin Energy Ltd. reports that it has raised $13.9 million in gross proceeds through its at-the-market share issuance program since the first quarter of 2026, at an average price of $4.31 per share, which was a 138% premium to its closing share price on March 11, 2026.
The company confirms that all pre-funded warrants from its October 24, 2025 registered direct offering have been fully exercised, and it has no warrants currently outstanding. As of March 11, 2026, Robin Energy had 7,021,760 common shares issued and outstanding.
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Insights
Robin Energy raises $13.9m at a premium and eliminates all outstanding warrants.
Robin Energy has raised $13.9 million via its at-the-market share program at an average price of $4.31 per share, described as a 138% premium to the March 11, 2026 closing price. This adds fresh equity capital without attaching new warrants.
The company also states that all pre-funded warrants from its October 24, 2025 registered direct offering have been exercised, and it now has no warrants outstanding. This simplifies the capital structure by removing a layer of derivative overhang.
As of March 11, 2026, Robin Energy reports 7,021,760 common shares issued and outstanding. The overall effect on existing holders depends on how this share issuance compares to prior share counts, which is not detailed in this disclosure.
FAQ
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AI-generated analysis. How Rhea-AI works. Not financial advice.
