Robin Energy Raises $7.5M via Public Offering, Shares Plummet 42%

Robin Energy has priced a $7.5M public offering of 5.77M shares at $1.30/share. Gross proceeds before expenses are expected to be $7.5M, with net proceeds used for working capital and general corporate purposes. The offering is set to close on September 12, 2025, with underwriters having a 45-day option to buy up to 865,385 additional shares. RBNE shares are down 41.7% premarket on Thursday.

Robin Energy Ltd. (NASDAQ: RBNE) has priced its public offering of 5,769,230 shares at $1.30 per share, with gross proceeds expected to be approximately $7.5 million before expenses. The offering is set to close on or around September 12, 2025, subject to customary closing conditions. Maxim Group LLC is acting as the sole book-running manager for the offering.

The proceeds from the offering will be used for working capital and general corporate purposes. Underwriters have a 45-day option to purchase up to 865,385 additional shares at the public offering price, less underwriting discounts and commissions.

Robin Energy, which owns one Handysize tanker vessel and one LPG carrier, provides energy transportation services globally. The company has seen its shares drop by 41.7% premarket on Thursday, following the announcement of the public offering.

The offering is being conducted under an effective shelf registration statement on Form F-3, previously filed with the U.S. Securities and Exchange Commission (SEC) on April 24, 2025, and subsequently declared effective on April 28, 2025. A preliminary prospectus supplement and accompanying prospectus relating to the offering is available on the SEC’s website.