Scorpio Bulkers Inc. Announces Name Change to Eneti Inc. to be Effective February 8, 2021

Monaco - Feb. 04, 2021

Scorpio Bulkers Inc. (NYSE: SALT) (the “Company”) announced today that the Company’s shareholders approved the change of the Company’s name to “Eneti Inc.” at the Company’s special meeting of shareholders held on February 3, 2021.

The name change reflects the Company’s previously announced transition to a sustainable future.

The change of name will take effect, and the Company’s common shares are expected to begin trading on the New York Stock Exchange under the ticker symbol “NETI”, on February 8, 2021.

The CUSIP number of Y2294C 107 will be assigned to the Company’s common shares when the change of name becomes effective.

About Scorpio Bulkers Inc.
Scorpio Bulkers Inc. (to be renamed Eneti Inc. effective February 8, 2021) announced on August 3, 2020, its intention to transition away from the business of dry bulk commodity transportation and towards marine-based renewable energy including investing in the next generation of wind turbine installation vessels.

The Company intends to sell or have commitments to sell its remaining wholly-owned or finance leased dry bulk vessels during the first quarter of 2021.

Additional information about the Company is available on the Company’s website www.scorpiobulkers.com (to be www.Eneti-Inc.com effective February 8, 2021) , which is not a part of this press release.

Scorpio Bulkers Inc. press release