GlobeNewswire·Sep 15, 2026, 12:59 PM ET

Announcement Regarding the Results of the Public Offering in Greece of the New Common Shares of the Company «Star Bulk Carriers Corp.»

SBLK

Star Bulk Carriers Corp. completed the allocation of 4,400,000 new shares on September 11, 2026, with 4,300,000 shares sold via a Public Offering in Greece & 100,000 shares via a Parallel Offering.
The final offering price for all new shares was set at €24.50 (US$28.27), resulting in total gross proceeds of €107.8 million (US$124.4 million).
Public Offering proceeds amounted to €105.4 million (US$121.6 million), while the Parallel Offering raised €2.5 million (US$2.8 million).
Total investor demand reached 26,788,512 shares, representing over six times the 4,300,000 shares available through the Public Offering.
Retail investors received 1,743,504 new shares (41% of the Public Offering) out of 10,618,424 shares demanded, while Qualifying Investors received 2,556,496 shares (59% of the Public Offering) out of 16,070,088 shares demanded.
Family members of CEO Mr. Pappas received 148,800 new shares (60% of their 248,000 share request) due to oversubscription, leaving 2,407,696 shares allocated to other Qualifying Investors.
Optima bank S.A. was the only underwriter to submit a subscription application for its own account, receiving an allocation of 52,000 shares out of 400,000 requested.
AXIA Ventures Group Ltd served as Lead Advisor & Bookrunner, while National Bank of Greece S.A. acted as Co-Advisor & Bookrunner for the transaction.
The new shares were admitted to parallel listing on the Main Market of Euronext Athens & were offered to non-U.S. persons under Regulation S without U.S. registration.