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Robin Energy Announces 1-for-75 Reverse Stock Split, Effective November 24, 2026

Benzinga·11/09/2026 14:33:21
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The Board of Directors of Robin Energy Ltd. ("Robin Energy" or the "Company"), an international ship-owning company providing energy transportation services globally, has determined to effect a one-for-seventy five (1-for-75) reverse stock split of the Company’s common shares, par value $0.001 per share.

Subject to the requisite approval of The Nasdaq Stock Market ("Nasdaq"), the reverse stock split is expected to take effect on or about November 24, 2026 and the Company’s common shares are expected to begin trading on a split-adjusted basis on Nasdaq as of the opening of trading on or about November 24, 2026, under the existing ticker symbol "RBNE".

On November 6, 2026, the Company obtained approval by written consent of shareholders authorizing its board of directors to implement one or more reverse stock splits at ratios ranging from one-for-two to one-for-seventy five, subject to an aggregate limit of one-for-seventy five inclusive, prior to the Company’s annual meeting of shareholders in 2030. The authorization provides the Company with flexibility to maintain compliance with Nasdaq’s continued listing requirements, including the minimum bid price requirement, and potentially enhance investor interest and trading liquidity through a higher share price. The Board of Directors approved the one-for-seventy five (1-for-75) reverse stock split pursuant to this authorization.