SplitJul 7, 2026, 09:16 AM
Robin Energy Announces 1-for-15 Reverse Stock Split
AI Summary
Robin Energy Ltd. announced a one-for-fifteen (1-for-15) reverse stock split of its common shares. The split will become effective at 11:59 pm Eastern Time on July 8, 2026, with trading on a split-adjusted basis commencing on The Nasdaq Capital Market on July 9, 2026. This action will reduce the number of outstanding common shares from approximately 8.7 million to 0.6 million, and stockholders will receive cash in lieu of fractional shares.
Key Highlights
- Robin Energy announced a one-for-fifteen (1-for-15) reverse stock split.
- The reverse stock split will take effect at 11:59 pm ET on July 8, 2026.
- Common shares will begin trading on a split-adjusted basis on Nasdaq from July 9, 2026.
- The CUSIP number for the common shares will change to Y73118120.
- Outstanding common shares will reduce from approximately 8.7 million to 0.6 million.
- Stockholders will receive cash for any fractional shares based on the July 8, 2026 closing price.
Price Impact
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