Star Bulk prices Greek share offering at €24.50 ahead of Athens parallel listing

Star Bulk Carriers Corp. priced new shares at €24.50 each following completion of its Public Offering in Greece on Friday, September 11, tying the equity issuance to a proposed parallel listing on the Main Market of Euronext Athens. A total of 4,400,000 new common registered voting shares were allocated, including shares in a parallel offering to a limited group of persons. Star Bulk is already listed on Nasdaq under SBLK.

The announcement puts firm pricing and an allocated share count behind the dry-bulk shipping company’s Greek capital-markets transaction. For investors following the company, the immediate significance is the combination of new equity issuance and an additional listing venue. The announcement concerns pricing connected with admission to parallel listing of all the company’s common registered voting shares on Euronext Athens’ regulated Main Market; it does not give a date when Athens trading will begin.

One price across the offerings

The final price applies equally to Qualified and Retail investors who participated in the Public Offering and the Parallel Offering. The announcement also gives a U.S.-dollar equivalent of US$28.40 for the €24.50 price. That conversion uses the September 11, 2026, euro/U.S.-dollar exchange rate of €1 = US$1.1592, with the European Central Bank cited as the source at Greek market close. The dollar figure is the announcement’s converted equivalent of the euro offering price.

The 4.4 million allocated shares include the parallel offering to a limited group of persons. That scope matters when reading the issuance total alongside the public-offering demand figures: the allocation number covers the New Shares, including that parallel component, while the disclosed demand figure relates to the Public Offering. The announcement does not yet provide the allocation of public-offering shares by investor category.

Public-offering demand exceeds six times subscription

Total valid demand in the Public Offering reached 26,788,512 shares at the final €24.50 offering price, representing €656.3 million in demand. The announcement describes the Public Offering as oversubscribed by over 6 times. These figures establish the scale of subscription interest reported for the transaction. The €656.3 million figure is the value of valid demand, rather than a statement of proceeds received by Star Bulk.

The common price for Qualified and Retail participants does not establish how the shares were divided between those groups. Detailed information on allocation of the New Shares offered through the Public Offering by investor category is scheduled for Tuesday, September 15, 2026. That release is the next specified disclosure for readers seeking to understand the composition of the allocation.

Greek offering, parallel Athens listing

Star Bulk is a Marshall Islands corporation operating in dry-bulk shipping. Its existing Nasdaq listing provides the background for the Athens transaction: the announcement concerns a Greek Public Offering and a parallel listing, rather than an initial U.S. stock-market debut. The intended Athens admission covers all common registered voting shares of the company, while the disclosed issuance consists of the 4.4 million New Shares.

According to the announcement, AXIA Ventures Group Ltd, a member of the Alpha Bank Group, acted as Lead Advisor and Joint Coordinator and Bookrunner. National Bank of Greece S.A. acted as Co-Advisor and Joint Coordinator and Bookrunner. Those advisers announced the final offering price after completion of the Public Offering in Greece.

The New Shares have not been, and will not be, registered under U.S. federal securities laws. The announcement states that they are being offered and sold to non-U.S. persons outside the United States in offshore transactions relying on Regulation S under the Securities Act. Offers or sales in the United States or to U.S. persons require an available exemption from registration. Furnishing the announcement through a Form 6-K is distinct from registering the offering in the United States.

What remains to be disclosed

The September 11 announcement establishes the final price, the allocated New Share count and the reported public-offering demand. It does not specify net proceeds or their use, and it provides no Athens trading commencement date. The September 15 investor-category allocation announcement remains a forthcoming event.

Star Bulk furnished the announcement as Exhibit 99.1 to its September 11 Form 6-K, accession 0000950157-26-001003. The filing was accepted at 4:40:12 p.m. Eastern time that day. September 11 is the offering completion and pricing announcement date, and the figures above are as of that date.