Star Bulk renews up to $75M at-the-market offering
The renewed agreements carry forward unused capacity from programs established in July 2021, after the prior shelf registration statement expired.
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Form Type
6-K
Rhea-AI Filing Summary
Star Bulk Carriers Corp. (SBLK) renewed two existing at-the-market (ATM) equity programs through separate agreements with Deutsche Bank Securities Inc. and Jefferies LLC. The agreements provide for offers and sales of up to $41,371,110 and $75,000,000 of common shares, respectively.
The available amounts equal the unused capacity remaining under the programs at the time of termination. The company said the renewal followed expiration of the shelf registration statement, was solely due to passage of time, and does not increase program size or reflect a change in policy or strategy. Separate prospectus supplements for the programs were filed with the SEC.
Key Figures
Deutsche Bank ATM amount: Up to $41,371,110
Jefferies ATM amount: Up to $75,000,000
Fleet size: 138 vessels
+2 more
5 metrics
Deutsche Bank ATM amount
Up to $41,371,110
Common shares covered by the agreement.
Jefferies ATM amount
Up to $75,000,000
Common shares covered by the agreement.
Fleet size
138 vessels
Stated on a fully delivered basis, adjusted for delivery of three firm Kamsarmax vessels under construction, as of October 9, 2026.
Aggregate fleet capacity
13.8 million dwt
Stated on a fully delivered basis, adjusted for delivery of three firm Kamsarmax vessels under construction, as of October 9, 2026.
Firm Kamsarmax vessels under construction
3 vessels
Delivery adjustment in the fleet description as of October 9, 2026.
Key Terms
At-The-Market, shelf registration statement, dwt
3 terms
At-The-Market financial
"At-The-Market (“ATM”) equity offering programs"
"At-the-market" is a method for companies to sell new shares of stock directly into the open market over time, rather than all at once. It allows companies to raise money gradually, similar to selling slices of a pie instead of the entire pie at once, which can help manage the sale's impact on the stock price. This approach gives investors a steady supply of shares while providing companies with flexible funding options.
shelf registration statement regulatory
"expiration of the shelf registration statement"
A shelf registration statement is a document a company files with regulators that allows it to sell shares or bonds quickly when it’s a good time to raise money. It’s like having a pre-approved plan ready so the company can act fast without going through lengthy paperwork each time they want to sell, making fundraising more flexible.
dwt technical
"aggregate capacity of 13.8 million dwt"
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
How much ATM capacity did SBLK renew?
Star Bulk renewed an agreement with Deutsche Bank Securities Inc. for offers and sales of up to $41,371,110 of common shares and one with Jefferies LLC for up to $75,000,000. The amounts reflect unused capacity under the existing programs.
Did SBLK expand its ATM programs?
No. The company said the renewal was solely due to passage of time after the prior shelf registration statement expired, and that the available amounts equal unused capacity and do not increase program size.
AI-generated analysis. How Rhea-AI works. Not financial advice.
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 October 2026
Commission File Number: 001-33869
STAR BULK CARRIERS CORP.
(Translation of registrant’s name into English)
Star Bulk Carriers Corp.
c/o Star Bulk Management Inc.
40 Agiou Konstantinou Street,
15124 Maroussi,
Athens, Greece
(Address of principal executive offices)
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 ☒ Form 40-F ☐
INFORMATION CONTAINED IN THIS FORM 6-K REPORT
Attached as Exhibit 1.1 is a copy of the Second Amended and Restated At-The-Market Sales Agreement, dated October 9,
2026, by and between Star Bulk Carriers Corp. (the “Company”) and Deutsche Bank Securities Inc. in respect of the related at-the-market (ATM) equity offering (the “Deutsche Bank ATM Offering”).
Attached as Exhibit 1.2 is a copy of the Second Amended and Restated At-The-Market Sales Agreement, dated October 9,
2026, by and between the Company and Jefferies LLC in respect of the related at-the-market (ATM) equity offering (the “Jefferies ATM Offering”).
Attached to this Report as Exhibit 5.1 is the opinion of Seward & Kissel LLP, relating to the common shares, par
value $0.01 per share (the “Common Shares”), in respect of the Deutsche Bank ATM Offering.
Attached to this Report as Exhibit 5.2 is the opinion of Seward & Kissel LLP, relating to the Common Shares in
respect of the Jefferies ATM Offering.
A copy of the press release of the Company dated October 9, 2026 titled “Star Bulk Carriers Corp. Announces Renewal of Existing ATM Equity Offering Programs” is furnished hereto as Exhibit 99.1 of this Form 6-K.
The information contained in this Current Report on Form 6-K (including the exhibits hereto other than Exhibit 99.1) is hereby incorporated by reference into the registrant’s Registration Statement on Form F-3 (File No. 333-286185) and
Registration Statement on Form S-8 (File No. 333-299360), to be a part thereof from the date on which this report is submitted, to the extent not superseded by documents or reports subsequently filed or furnished.
SIGNATURE
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.
Dated: October 9, 2026
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STAR BULK CARRIERS CORP.
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By:
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/s/ Simos Spyrou
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Name:
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Simos Spyrou
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Title:
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Co-Chief Financial Officer
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Exhibit
Number
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Description
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1.1
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Second Amended and Restated At-The-Market Sales Agreement with Deutsche Bank Securities Inc.
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1.2
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Second Amended and Restated At-The-Market Sales Agreement with Jefferies LLC.
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5.1
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Opinion of Seward & Kissel LLP relating to the Common Shares in respect of the Deutsche Bank ATM Offering.
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5.2
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Opinion of Seward & Kissel LLP relating to the Common Shares in respect of the Jefferies ATM Offering.
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99.1
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Press Release of Star Bulk Carriers Corp. dated October 9, 2026 titled “Star Bulk Carriers Corp. Announces Renewal of Existing ATM Equity Offering Programs”
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Exhibit 99.1
STAR BULK CARRIERS CORP. ANNOUNCES RENEWAL OF EXISTING ATM EQUITY OFFERING PROGRAMS
ATHENS, GREECE, October 9, 2026 - Star Bulk Carriers Corp. (the "Company" or “Star Bulk”) (Nasdaq & Euronext Athens: SBLK) today announced the renewal of its existing
At-The-Market (“ATM”) equity offering programs, originally established in July 2021 and previously amended and restated in April 2022. The renewal follows the expiration of the shelf registration statement under which the existing programs were
established. The renewal is solely due to passage of time and does not constitute an expansion of the existing ATM programs.
In connection with the renewal, the Company has entered into (i) a Second Amended and Restated ATM Sales Agreement with Deutsche Bank Securities Inc. for the offer and sale of up to $41,371,110 of common shares of
the Company (the “Deutsche Bank Sales Agreement”) and (ii) a Second Amended and Restated ATM Sales Agreement with Jefferies LLC for the offer and sale of up to $75,000,000 of common shares of the Company (the “Jefferies Sales Agreement” and,
together with the Deutsche Bank Sales Agreement, the “Second Amended and Restated Sales Agreements”).
The amounts available for offer and sale under the Second Amended and Restated Sales Agreements, equal the unused capacity remaining under the existing programs at the time of termination. They do not increase the
size of the programs. The renewal does not reflect any change in Star Bulk's policy or strategy.
This press release does not constitute an offer to sell or the solicitation of an offer to buy securities and shall not constitute an offer, solicitation or sale in any jurisdiction in which such offer,
solicitation or sale is unlawful. The two ATM programs are being conducted by means of separate prospectus supplements and the accompanying prospectuses, in accordance with the terms of the separate Second Amended and Restated Sales Agreements.
Two separate prospectus supplements relating to each of the ATM programs have been filed with the Securities and Exchange Commission. Copies of the prospectus and prospectus supplement relating to the offering with Deutsche Bank may be obtained
from the offices of Deutsche Bank Securities Inc., Attention: Prospectus Department, 1 Columbus Circle, New York NY, 10019, by telephone at 1-800-503-4611 or by email at prospectus.cpdg@db.com. Copies of the prospectus and prospectus supplement
relating to the offering with Jefferies may be obtained from the offices of Jefferies LLC, Attention: Equity Syndicate Prospectus Department, 520 Madison Avenue, New York, NY 10022, by telephone: 1-877-821-7388 or by email:
Prospectus_Department@Jefferies.com.
About Star Bulk
Star Bulk is a global shipping company providing worldwide seaborne transportation solutions in the dry bulk sector. Star Bulk’s vessels transport major bulks, which include iron ore, minerals and grain, and minor
bulks, which include bauxite, fertilizers and steel products. Star Bulk was incorporated in the Marshall Islands on December 13, 2006 and maintains executive offices in Athens, New York, Stamford and Singapore. Its common shares trade on the
Nasdaq Global Select Market and Euronext Athens under the symbol “SBLK”. As of the date of this release on a fully delivered basis and as adjusted for the delivery of the three firm Kamsarmax vessels currently under construction, we own a fleet
of 138 vessels, with an aggregate capacity of 13.8 million dwt consisting of 17 Newcastlemax, 14 Capesize, 7 Post Panamax, 42 Kamsarmax, 47 Ultramax and 11 Supramax vessels with carrying capacities between 55,569 dwt and 209,537 dwt.
Forward-Looking Statements
Matters discussed in this press release may constitute forward looking statements. The Private Securities Litigation Reform Act of 1995 provides safe harbor protections for forward-looking statements in order to
encourage companies to provide prospective information about their business. Forward-looking statements include statements concerning plans, objectives, goals, strategies, future events or performance, shareholder return targets and underlying
assumptions and other statements, which are other than statements of historical facts.
We desire to take advantage of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995 and are including this cautionary statement in connection with this safe harbor legislation. Words
such as, but not limited to, “believe,” “expect,” “anticipate,” “estimate,” “intend,” “plan,” “targets,” “projects,” “likely,” “will,” “would,” “could,” “should,” “may,” “forecasts,” “potential,” “continue,” “possible” and similar expressions or
phrases may identify forward-looking statements.
The forward-looking statements in this press release are based upon various assumptions, many of which are based, in turn, upon further assumptions, including without limitation, examination by our management of
historical operating trends, data contained in our records and other data available from third parties. Although we believe that these assumptions were reasonable when made, because these assumptions are inherently subject to significant
uncertainties and contingencies which are difficult or impossible to predict and are beyond our control, we cannot assure you that we will achieve or accomplish these expectations, beliefs or projections.
In addition, other important factors that, in our view, could cause actual results to differ materially from those discussed in the forward-looking statements include general dry bulk shipping market conditions,
including fluctuations in charter rates and vessel values; the strength of world economies; the stability of Europe and the Euro; fluctuations in currencies, interest rates and foreign exchange rates; business disruptions due to natural and other
disasters or otherwise, such as the impact of any future epidemics; the length and severity of epidemics and pandemics and their impact on the demand for seaborne transportation in the dry bulk sector; changes in supply and demand in the dry bulk
shipping industry, including the market for our vessels and the number of new buildings under construction; the potential for technological innovation in the sector in which we operate and any corresponding reduction in the value of our vessels
or the charter income derived therefrom; changes in our expenses, including bunker prices, dry docking, crewing and insurance costs; changes in governmental rules and regulations or actions taken by regulatory authorities; the impact of current
and potential additional trade tariffs on global trade and demand for dry bulk shipping; the risk that trade disputes between U.S. and Chinese officials could result in the reimplementation of significant port fees that may impact our fleet;
potential liability from pending or future litigation and potential costs due to environmental damage and vessel collisions; the impact of increasing scrutiny and changing expectations from investors, lenders, charterers and other market
participants with respect to our Environmental, Social and Governance (“ESG”) practices; our ability to carry out our ESG initiatives and thereby meet our ESG goals and targets; new environmental regulations and restrictions, whether at a global
level stipulated by the International Maritime Organization, and/or regional/national imposed by regional authorities such as the European Union or individual countries; potential cyber-attacks which may disrupt our business operations; general
domestic and international political conditions or events, including, among others, “trade wars”, the ongoing conflict between Russia and Ukraine, the conflict between Israel and Hamas, the conflict between the United States, Israel and Iran and
the attacks in the Strait of Hormuz, the Red Sea and the Gulf of Aden; the impact on our common shares and reputation if our vessels were to call on ports located in countries that are subject to restrictions imposed by the U.S. or other
governments; our ability to successfully compete for, enter into and deliver our vessels under time charters or other employment arrangements for our existing vessels after our current charters expire and our ability to earn income in the spot
market; potential physical disruption of shipping routes due to accidents, climate-related reasons (acute and chronic), political events, public health threats, international hostilities and armed conflicts, piracy or acts by terrorists; the
availability of financing and refinancing; the failure of our contract counterparties to meet their obligations; our ability to meet requirements for additional capital and financing to complete our newbuilding program and grow our business; the
impact of our indebtedness and the compliance with the covenants included in our debt agreements; vessel breakdowns and instances of off-hire; potential exposure or loss from investment in derivative instruments; potential conflicts of interest
involving our Chief Executive Officer, his family and other members of our senior management; our ability to complete acquisition transactions or secondhand vessel purchases as and when planned and upon the expected terms; and the impact of port
or canal congestion or disruptions. Please see our filings with the Securities and Exchange Commission for a more complete discussion of these and other risks and uncertainties. The information set forth herein speaks only as of the date hereof,
and the Company disclaims any intention or obligation to update any forward-looking statements as a result of developments occurring after the date of this communication.
Contacts
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Company:
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Investor Relations / Financial Media:
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Simos Spyrou, Christos Begleris
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Nicolas Bornozis
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Co - Chief Financial Officers
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President | |
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Star Bulk Carriers Corp.
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Capital Link, Inc.
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c/o Star Bulk Management Inc.
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Tel. (212) 661-7566
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40 Ag. Konstantinou Av.
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Maroussi 15124
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Anna Wichmann
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Athens, Greece
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Capital Link Athens
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Email: info@starbulk.com
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Tel. +30-210-6109-800
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E-mail: starbulk@capitallink.com
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