Financing ·
Star Bulk Carriers raises €107.8M from oversubscribed public offering of 4.4M shares at €24.50 each
SBLKStar Bulk Carriers Corp.
Star Bulk Carriers Corp. completed the allocation of 4,400,000 new common shares in a public offering on Euronext Athens at an offering price of €24.50 per share. The transaction raised total gross proceeds of €107.8 million (US$124.4 million), with net proceeds after expenses totaling €100.4 million (US$115.9 million). Demand was oversubscribed by over six times, reaching 26,788,512 shares. Net proceeds will fund the remaining balance of a €94.9 million investment plan for three vessels under construction and finance new vessel acquisitions. Trading of all common shares commenced on Euronext Athens on September 16, 2026, under ticker symbol SBLK. The company operates in the global dry bulk shipping industry.