Robin Energy to effect 1-for-5 reverse stock split on December 24

Robin Energy (RBNE) board of directors has determined to effect a one-for-five reverse stock split of the Company’s common shares, par value $0.001 per share. The reverse stock split will take effect at 11:59 pm Eastern Time on December 23, and the Company’s common shares will begin trading on a split-adjusted basis on Nasdaq Capital Market as of the opening of trading on December 24. The CUSIP number of Y73118 112 will be assigned to the Company’s common shares when the reverse stock split becomes effective. When the reverse stock split becomes effective, every five of the Company’s issued common shares will be combined into one issued common share, without any change to the par value per share. This will reduce the number of outstanding common shares from approximately 14M shares to approximately 2.8M shares.