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.

Prysmian is investing over $1 billion to expand its Catawba County, North Carolina facility in Claremont, adding 385 jobs, according to Governor Josh Stein. The expansion is expected to take 20-24 months and more than double U.S. fiber optic capacity, including glass preform and fiber, and increase cable production. Prysmian employs about 680 there.

Netflix will shut down Night School Studio, developer of Oxenfree and Afterparty, six weeks after releasing Unhinged, and plans to close Moonloot, a Helsinki studio it founded in 2022. Netflix says it is restructuring its internal games team to focus on kids, party, story-driven and mainstream titles, without disclosing job counts. It acquired Night School in 2021.

Netflix said it is shutting down Night School Studio, acquired in 2021 under Netflix Games, about a month after the release of mobile game Unhinged. Netflix also plans to close Moonloot and cut some internal gaming staff, citing organizational changes to focus on party, kids, mainstream-licensed and story games, according to a Netflix spokesperson.

Reuters reports that U.S. President Donald Trump ordered the Navy to drop the electromagnetic aircraft carrier launch system and return to steam catapults, via a national security memorandum. The change would require removing the system on Gerald R. Ford-class carriers and is expected to cost billions. Huntington Ingalls is the primary contractor building the Ford class, according to the White House.