Eagle bulk shipping inc. prices common stock offering and concurrent registered direct offering
Stamford, conn., dec. 18, 2020 (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 its public offering of common stock and its concurrent registered direct offering. the offerings are being made pursuant to the company's registration statement (including a prospectus and related prospectus supplements for the offerings). the company agreed to sell 290,055 shares of its common stock to the underwriters in the underwritten public offering and 1,091,160 shares of its common stock to certain funds and accounts for which goldentree asset management lp, an investment manager of current shareholders of the company, serves as investment manager, in the concurrent registered direct offering, each at a public offering price of $18.10 per share. total gross proceeds from the offerings will be approximately $25 million. the offerings are expected to close on december 22, 2020, each subject to the satisfaction of customary closing conditions. the company intends to use the net proceeds from the offerings to finance the acquisition of modern ultramax vessels and/or general corporate purposes.
EGLE Ratings Summary
EGLE Quant Ranking
You've reached your free article limit.
Want To Read More Articles?
See what it all means for your stocks with premium tools
Stockprices is a weekly video covering what moved markets
this week, featuring a panel of Stockprices editors. It is published by the
close of trading on Fridays. Hosted by Nathaniel E. Baker, contributing editor,
and featuring: Aaron Task, VP Contributor Content and co-host Stockprices's Alpha
Trader podcast; Brad Olesen, VP News; Steve Alpher, Managing Editor News, co-host
Alpha Trader.
Unsubscribe From All
You successfully activated
“Only Essentials”
Confirm Upgrade
Your subscription will be moved to the annual plan. Service will automatically renew unless cancelled. No Refunds. Click upgrade to confirm.
Stockprices uses Plaid to connect you account
Connect effortlessly
Plaid lets you securely connect your financial accounts in seconds
Your data belongs to you
Plaid doesn't sell personal info, and will only use it with your permission