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Toro Corp. Commences Self Tender Offer to Purchase up to 4,500,000 Shares
Globenewswire· 2025-07-10 13:00
Core Viewpoint - Toro Corp. is initiating a tender offer to repurchase up to 4,500,000 shares at a price of $2.75 per share, reflecting the company's strong cash position and current stock price [1]. Group 1: Tender Offer Details - The tender offer will expire on August 7, 2025, at 5:00 P.M. Eastern Time, unless extended or withdrawn [1]. - The Board of Directors believes that repurchasing shares is in the best interest of the company at this time [1]. - The tender offer is not conditioned upon any minimum number of shares being tendered [1]. Group 2: Administrative Information - Toro has appointed Broadridge Corporate Issuer Solutions LLC as the depositary and Georgeson LLC as the information agent for the tender offer [2]. - Shareholders will receive copies of the Offer to Purchase and related materials by mail, and additional copies can be obtained from the information agent [3]. Group 3: Company Overview - Toro Corp. operates a modern fleet of oceangoing vessels, including four LPG carriers and one MR tanker [5]. - The company is incorporated under the laws of the Republic of the Marshall Islands and trades on the Nasdaq Capital Market under the symbol "TORO" [6].
Robin Energy Ltd. Announces Pricing of $3.6 Million Registered Direct Offering
Globenewswire· 2025-06-25 13:00
Core Viewpoint - Robin Energy Ltd. has entered into a securities purchase agreement to sell 1,020,000 common shares at $3.50 each, aiming for gross proceeds of approximately $3.6 million [1][2]. Group 1: Offering Details - The offering is a registered direct offering, with Maxim Group LLC acting as the sole placement agent [2]. - The expected closing date for the offering is around June 25, 2025, pending customary closing conditions [2]. - The offering is made under an effective shelf registration statement filed with the SEC on April 28, 2025 [3]. Group 2: Use of Proceeds - The net proceeds from the offering will be utilized for working capital and general corporate purposes [2]. Group 3: Company Overview - Robin Energy is an international ship-owning company that provides energy transportation services globally, currently owning one Handysize tanker vessel for petroleum product transportation [5].
Robin Energy Ltd. Announces Pricing of $4.0 Million Registered Direct Offering
Globenewswire· 2025-06-20 13:20
Core Viewpoint - Robin Energy Ltd. has announced a securities purchase agreement to sell 763,000 common shares at $5.25 each, aiming for gross proceeds of approximately $4.0 million before expenses [1][2]. Group 1: Offering Details - The offering is being facilitated by Maxim Group LLC as the sole placement agent [2]. - The expected closing date for the offering is around June 20, 2025, pending customary closing conditions [2]. - The offering is conducted under an effective shelf registration statement on Form F-3, filed with the SEC on April 28, 2025 [3]. Group 2: Use of Proceeds - The net proceeds from the offering are intended for working capital and general corporate purposes [2]. Group 3: Company Overview - Robin Energy is an international ship-owning company that provides energy transportation services globally, currently owning one Handysize tanker vessel for petroleum product transportation [5].
Robin Energy Ltd. Announces Pricing of $4.5 Million Registered Direct Offering
Globenewswire· 2025-06-18 13:00
Core Viewpoint - Robin Energy Ltd. has announced a securities purchase agreement to sell 860,000 common shares at $5.25 each, aiming for gross proceeds of approximately $4.5 million, which will be used for working capital and general corporate purposes [1][2]. Group 1: Offering Details - The offering is being facilitated by Maxim Group LLC as the sole placement agent [2]. - The expected closing date for the offering is around June 20, 2025, pending customary closing conditions [2]. - The offering is conducted under an effective shelf registration statement on Form F-3, filed with the SEC on April 28, 2025 [3]. Group 2: Company Overview - Robin Energy is an international ship-owning company that provides energy transportation services globally and currently owns one Handysize tanker vessel for carrying petroleum products [5].