LIMASSOL, Cyprus, Oct. 01, 2025 (GLOBE NEWSWIRE) -- Robin Energy Ltd. (NASDAQ: RBNE), (“Robin”, or the “Company”), an international ship-owning company providing energy transportation services globally, today announced its results for the three months and the six months ended June 30, 2025. Highlights of the Second Quarter Ended June 30, 2025: Total vessel revenues: $2.0 million, as compared to $1.5 million for the three months ended June 30, 2024, or a 33.3% increase; Net income: $0.5 million, as compared ...

Core Viewpoint - Robin Energy Ltd. has announced the acquisition of a 2020-built 5,000 cbm LPG Carrier vessel from Toro Corp. for a purchase price of $20 million, which is expected to enhance the company's fleet and cash-generating capabilities [1][4]. Transaction Details - The acquisition agreement was approved by independent and disinterested members of the Boards of both Robin Energy and Toro, following recommendations from special committees [2]. - The transaction is expected to be completed in 2025, subject to customary closing conditions, and will be funded with cash on hand [3]. Company Overview - Robin Energy is an international ship-owning company that provides energy transportation services globally. After the acquisition, the company's fleet will consist of two LPG Carriers and one Handysize tanker vessel [4].

Group 1 - Robin Energy Ltd. announced the closing of its underwritten public offering of 5,769,230 shares at a price of $1.30 per share, raising approximately $8.6 million in gross proceeds [1][2] - The underwriter, Maxim Group LLC, partially exercised its overallotment option, purchasing an additional 864,770 shares for about $1.1 million in gross proceeds [1][2] - The net proceeds from the offering will be used for working capital and general corporate purposes [2] Group 2 - The offering was conducted under an effective shelf registration statement filed with the SEC on April 24, 2025, and declared effective on April 28, 2025 [3] - A final prospectus supplement and accompanying prospectus have been filed with the SEC and are available on their website [3] Group 3 - Robin Energy is an international ship-owning company that provides energy transportation services globally, owning one Handysize tanker and one LPG carrier [5]

Company Summaries - Robin Energy Ltd. (NASDAQ:RBNE) experienced a significant stock price decrease of approximately 39.56%, now trading at $1.39, potentially due to its announcement of a public offering of 5.77 million shares at $1.30 per share, aiming to raise about $7.5 million, expected to close around September 12, 2025 [1][7] - Lexaria Bioscience Corp. (LEXXW) saw a 33.05% drop in its stock price to $0.06, influenced by the volatile nature of the biotech sector, possibly due to regulatory news or clinical trial results [2][7] - Ethzilla Corp. (ETHZW) experienced a 32.6% decline in stock price to $0.06, highlighting the impact of the volatile cryptocurrency market on digital asset management companies [3][7] - NeuroSense Therapeutics Ltd. (NRSNW) witnessed a 30.18% decline in its stock price to $0.37, with sensitivity to news related to its lead product candidate, PrimeC, and other pipeline developments [4] - Sentage Holdings Inc. (NASDAQ:SNTG) saw its stock price fall by 28.04% to $2.9, potentially impacted by regulatory changes in China's financial sector and broader economic factors affecting the Chinese market [5] Industry Insights - The movements in stock prices underscore the diverse range of factors influencing them, from industry-specific developments to broader economic trends [6] - The biotech sector is characterized by volatility, with companies' valuations heavily dependent on their pipelines' progress and potential market opportunities [2] - The cryptocurrency market's volatility significantly affects companies like Ethzilla, which focus on digital asset management and yield generation strategies [3]

Group 1 - Robin Energy Ltd. announced a public offering of 5,769,230 shares at a price of $1.30 per share, expecting gross proceeds of approximately $7.5 million before expenses [1][2] - The offering is set to close on or about September 12, 2025, subject to customary closing conditions [1] - Maxim Group LLC is the sole book-running manager for the offering, and the net proceeds will be used for working capital and general corporate purposes [2] Group 2 - The offering is made under an effective shelf registration statement filed with the SEC on April 24, 2025, and declared effective on April 28, 2025 [3] - A preliminary prospectus supplement and accompanying prospectus have been filed with the SEC and are available on their website [3] Group 3 - Robin Energy is an international ship-owning company that provides energy transportation services globally, owning one Handysize tanker and one LPG carrier [5]

Core Viewpoint - Robin Energy Ltd. has strategically allocated $5 million in Bitcoin to enhance operational efficiency and adapt its treasury management to the evolving digital asset market [1][2]. Group 1: Company Strategy - The allocation of Bitcoin is part of a broader diversification strategy for Robin Energy, which also operates a Handysize tanker and an LPG carrier for petrochemical gases and petroleum products [3]. - CEO Petros Panagiotidis highlighted that Bitcoin's scarcity aligns with the company's long-term growth and shareholder value objectives [2]. - The company plans to continuously monitor market trends and may adjust its Bitcoin allocation based on future developments [2][6]. Group 2: Market Reaction - Following the announcement, Robin Energy's stock price surged nearly 100% on September 10, 2025, reaching an intraday high above $4.20 before retreating [4]. - The stock had previously traded around $1.87 throughout August, indicating a significant market response to the Bitcoin allocation [4]. - Trading volume increased dramatically, attracting both retail and institutional investors, reflecting a strong market interest in companies engaging with digital assets [5]. Group 3: Custody and Compliance - Robin Energy's Bitcoin allocation utilizes Anchorage Digital's regulated platform, emphasizing the company's preference for secure and compliant custody solutions [6]. - The company retains flexibility in its treasury policy, with future allocations contingent on market conditions and board decisions [6]. Group 4: Industry Positioning - With this allocation, Robin Energy becomes the 110th public company to manage cryptocurrency holdings as part of its treasury strategy, joining a growing trend among public companies [7].

Company Overview - Robin Energy Ltd. is an international ship-owning company that provides energy transportation services globally, owning one Handysize tanker vessel and one LPG carrier for transporting petrochemical gases and refined petroleum products [5]. Offering Details - The company has commenced a public offering of shares of its common stock or pre-funded warrants, with all shares to be sold by Robin Energy [1]. - Maxim Group LLC is acting as the sole book-running manager for the offering [2]. - The net proceeds from the offering are intended for working capital and general corporate purposes [2]. - The offering is made pursuant to an effective shelf registration statement on Form F-3, previously filed with the U.S. Securities and Exchange Commission (SEC) [3]. Regulatory Information - A preliminary prospectus supplement and accompanying prospectus will be filed with the SEC and will be available on the SEC's website [3]. - The press release does not constitute an offer to sell or solicitation of an offer to buy these securities in any jurisdiction where such offer would be unlawful [4].

Core Viewpoint - Robin Energy Ltd. has completed an initial allocation of $5 million to Bitcoin as part of its treasury strategy, viewing Bitcoin as a key asset for long-term growth and shareholder value [1][3]. Company Overview - Robin Energy Ltd. is an international ship-owning company that provides energy transportation services globally, owning one Handysize tanker vessel and one LPG carrier for transporting petrochemical gases and refined petroleum products [3]. Treasury Strategy - The company will continue to monitor market conditions and may adjust its Bitcoin allocation in line with its treasury strategy to optimize for market conditions and operational efficiency [2]. - The completed allocation of $5 million to Bitcoin aligns with the board-approved strategy, emphasizing the belief in Bitcoin's unique characteristics as a scarce digital asset [3].

Core Viewpoint - Robin Energy Ltd has successfully taken delivery of the LPG Carrier Dream Syrax, which significantly enhances its fleet and earnings capacity, supporting its growth strategy through selective acquisitions [1][3]. Company Overview - Robin Energy Ltd is an international ship-owning company that provides energy transportation services globally, currently owning one Handysize tanker and one LPG carrier [4]. Acquisition Details - The Dream Syrax, a 2015-built vessel, was delivered on September 3, 2025, after completing its scheduled drydock and special survey, and the acquisition was fully funded with cash on hand [1]. - The vessel is under a time-charter contract at a rate of $337,000 per month, with the earliest redelivery expected in late December 2025 [2]. Strategic Insights - The Chairman and CEO of Robin Energy highlighted that the acquisition has doubled the size of the fleet in a short time since the company's listing, enhancing earnings capacity and generating stable cash flows for shareholders [3]. - The company aims to pursue further growth opportunities through selective acquisitions, supported by a debt-free balance sheet and a strong cash position [3].

Core Insights - Robin Energy Ltd has selected Anchorage Digital Bank as its custodian partner for Bitcoin and executed a $3 million Bitcoin allocation as part of its treasury strategy [1][2][4] - Anchorage Digital Bank is recognized as the first federally chartered digital asset bank, providing institutional-grade custody services for digital assets [2] - The company plans to continue its Bitcoin treasury strategy with additional purchases, optimizing timing based on market conditions [3][4] Company Overview - Robin Energy is an international ship-owning company that provides energy transportation services globally, owning one Handysize tanker and one LPG carrier [4] - The acquisition of the tanker and LPG carrier was announced on July 10, 2025, and these vessels transport petrochemical gases and refined petroleum products worldwide [4]