Robin Energy Announces Final Results of Tender Offer for Common Shares
Robin Energy finalized the results of its tender offer, accepting 1 million shares at a purchase price of $3.00 per share for a total cost of approximately $3 million. The offer was oversubscribed with nearly 1.91 million shares tendered, resulting in a proration factor of 42.069% for standard lots, while all odd-lot tenders were accepted in full.
Key figures
- Deal Value Usd
- $3,000,000
- Offering Price
- $3.00
- Shares tendered
- 1,909,473
- Proration factor
- 42.069%
- Odd lots accepted
- 339,775
- Shares repurchased
- 1,000,000
AI analysis
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