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Star Bulk Carriers (SBLK) drew fresh attention after completing a follow on equity offering of €107.8 million, a funding move that expands its share count and refreshes its capital base. At a current share price of $29.54, Star Bulk Carriers has seen short term momentum cool, with the 7 day share price return down 9.05%, even though the 90 day share price return is up 21.07% and the 1 year total shareholder return is 64.43%. Scan how Star Bulk Carriers compares to other shipping and transport...
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Star Bulk Carriers Corp. (NASDAQ:SBLK) announced on September 11 that 4.4 million new shares had been allocated through its Greek offering, including a parallel offering to a limited group of investors. At €24.50 per share, the terms imply €107.8 million in gross proceeds before expenses. Star Bulk Carriers Corp. (NASDAQ:SBLK) has a scheduled settlement for […]
Star Bulk Carriers (NasdaqGS:SBLK) has launched a sizeable follow-on equity offering that includes new share issuance to the market. The offering structure features new listings in additional markets alongside tranches of reserved shares aimed at specific investor groups. Management has framed the equity raise as a step that could influence the group’s capital structure and future funding options. This follow-on equity offering with new listings and reserved shares deserves to be weighed...
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