Robin Energy stock tumbles 42% on discounted stock offering By Investing.com
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.


