Robin Energy Prices Offering Of 750K Shares At $4.00 Per Share
The gross proceeds from the Offering to Robin Energy are expected to be approximately $3.0 million, before deducting underwriting discounts, commissions, and other Offering expenses. The Offering is expected to close on
Robin Energy is selling 750,000 new shares of itself for $4 each to raise about $3 million for the company. When a company sells new shares, it gets cash to spend, but it also means each old share owner's piece of the company gets a little smaller.
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