Robin Energy Ltd. Announces Pricing of $7.0 Million Registered Direct Offering

Robin Energy Ltd. (NASDAQ:RBNE) shares dropped 42.6% after the company announced a discounted underwritten public stock offering priced at $4.00 per share. It plans to sell 750,000 shares for about $3.0 million gross proceeds, with a 45-day option for up to 54,380 more shares. Net proceeds will fund working capital and general corporate purposes.

Robin Energy Ltd. (NASDAQ:RBNE) shares fell after hours after the company filed a preliminary prospectus for a proposed public offering of common shares. RBNE closed up 27.35% at $5.68, then dropped 28.49% to $4.06. The company did not state share count or price, and said proceeds would fund capex, working capital, and vessel-related uses.

S&P Global Ratings revised Dick’s Sporting Goods' outlook to stable from positive, citing underperformance and challenges with its Foot Locker acquisition. The firm expects higher leverage and lower EBITDA margins. Foot Locker reported a 3.6% drop in same-store sales, while Dick’s core business saw a 4.9% increase. S&P projects lower free cash flow and higher capital expenditures for fiscal 2026.

BTIG initiated coverage of Tiziana Life Sciences (TLSA) with a Buy rating and $7 price target, citing its Treg-based approach to treating neurodegenerative diseases. The company's foralumab nasal spray aims to reduce CNS inflammation, with promising imaging data in SPMS, MSA, and Alzheimer's. BTIG highlighted the INFORM-MS trial as a key near-term catalyst.

Greenbrier Companies (NYSE: GBX) announced CEO Lorie Tekorius will retire in January 2027. Brian Comstock, current executive VP and president of The Americas, will succeed her. The board's succession plan led to this transition. Tekorius, CEO since 2022, has been with the company for over 30 years. Comstock has nearly three decades of experience at Greenbrier and over 45 years in the railroad industry.

Alstom Canada has secured a $4.7 billion contract to build 313 new passenger cars for Via Rail, with production and assembly in Canada. The project, announced by Prime Minister Mark Carney, includes 15 years of technical support and spare parts supply valued at nearly $700 million. The new cars, under Alstom's Adessia brand, will replace aging rolling stock and are expected to be completed by 2035, supporting 700 jobs in Ontario and Quebec.