10:22 AM EDT, 06/20/2025 (MT Newswires) -- Robin Energy ( RBNE ) said Friday it has struck a deal to sell 763,000 shares at $5.25 apiece to several institutional investors, with Maxim Group as the placement agent.

The company said it plans to use the net proceeds for working capital and general corporate purposes. The offering is expected to close on June 20.

Shares were down about 30% in recent trading.

Price: 6.10, Change: -2.63, Percent Change: -30.13