Robin Energy prices 763,000 shares at $5.25 in registered direct offering

Robin Energy (RBNE) entered into a securities purchase agreement with several institutional investors to purchase 763,000 common shares at an offering price of $5.25, for gross proceeds of approximately $4M, before deducting commissions and offering expenses, in a registered direct offering. Maxim Group is acting as the sole placement agent for the Offering. Robin Energy currently intends to use the net proceeds from the Offering for working capital and general corporate purposes. The Offering is expected to close on or about June 20, subject to the satisfaction of customary closing conditions.