|
Limassol, Cyprus, September 16, 2025 Robin Energy Ltd. (NASDAQ: RBNE) ("Robin Energy" or the "Company"), an international ship-owning company providing energy transportation services globally, announces that it has entered into an agreement, through a wholly owned subsidiary, to acquire a 2020-built 5,000 cbm LPG Carrier vessel from Toro Corp. ("Toro"), a Nasdaq-listed entity controlled by our Chairman and Chief Executive Officer, for a purchase price of $20 million. The terms of the transaction were approved by the independent and disinterested members of the Boards of Robin Energy and Toro, respectively, following the negotiation and recommendation by special committees of the independent and disinterested directors of the Boards of Robin Energy and Toro.The acquisition is expected to be concluded by taking delivery of the vessel during 2025 and is subject to the satisfaction of certain customary closing conditions. The Company expects to fund the acquisition with cash on hand. Petros Panagiotidis, Chairman and Chief Executive Officer of Robin Energy, commented: "On the back of our successful capital raise, we are pleased that we continue expanding our fleet further with a third vessel. This acquisition not only strengthens our cash generating ability but also reinforces our long-term growth-oriented strategy and commitment to creating value for our shareholders." About Robin Energy Ltd. Robin Energy is an international ship-owning company providing energy transportation services globally. Upon completion of the above-mentioned transaction, the Company's fleet will comprise of two LPG Carriers and one Handysize tanker vessel that carry petrochemical gases and refined petroleum products worldwide. . Robin Energy Ltd. press release 
|
