Eagle bulk shipping inc. announces the upsize and pricing of secondary public offering of common stock

Stamford, conn., june 29, 2021 (globe newswire) -- eagle bulk shipping inc. (nasdaq: egle) (“eagle bulk” or the “company”), one of the world's largest owner-operators within the supramax / ultramax drybulk segment, today announced the pricing of a previously announced underwritten secondary public offering of 1,695,182 shares of common stock by certain funds and separate accounts managed by goldentree asset management lp (collectively, the “selling shareholders”) at a public offering price of $46.50 per share. the offering was upsized from a previously announced offering size of 1,500,000 shares of common stock. the underwriter will have a 30-day option to purchase up to 254,277 additional shares of the company's common stock from the selling shareholders. the offering is being made pursuant to the company's registration statement (including a prospectus and related prospectus supplement) and is expected to close on july 2, 2021, subject to the satisfaction of customary closing conditions.
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