Star Bulk Launches €112M Greek Offering and Euronext Athens Listing
SBLK sits 93% above its 52-week low of $16.72.
Summary
Star Bulk is raising up to €112.2 million via a new share offering in Greece, with shares to list on Euronext Athens alongside its Nasdaq listing. The offering of up to 4.4 million shares is priced at a maximum of €25.50 per share, a discount to the current $32.25 Nasdaq price, but the company notes net proceeds of about €104.9 million after expenses. CEO Petros Pappas's family intends to invest up to €6 million, signaling insider support. The company also cancelled 313,894 treasury shares on September 2, reducing share count. This follows strong Q2 results and a pattern of insider selling; the offering adds liquidity and a European listing but dilutes existing holders. Trading on Euronext Athens is expected to begin September 16, 2026.
At the time of this announcement, SBLK was trading at $32.25 on NASDAQ in the Energy & Transportation sector, with a market capitalization of approximately $3.6B. The 52-week trading range was $16.72 to $32.88. This news item was assessed with neutral market sentiment and an importance score of 8 out of 10. Source: GlobeNewswire.