Star Bulk Carriers Corp. (the "Company" or "Star Bulk") (Nasdaq & Euronext Athens: SBLK) today announced the renewal of its existing At-The-Market ("ATM") equity offering programs, originally established in July 2021 and previously amended and restated in April 2022. The renewal follows the expiration of the shelf registration statement under which the existing programs were established. The renewal is solely due to passage of time and does not constitute an expansion of the existing ATM programs.
In connection with the renewal, the Company has entered into (i) a Second Amended and Restated ATM Sales Agreement with Deutsche Bank Securities Inc. for the offer and sale of up to $41,371,110 of common shares of the Company (the "Deutsche Bank Sales Agreement") and (ii) a Second Amended and Restated ATM Sales Agreement with Jefferies LLC for the offer and sale of up to $75,000,000 of common shares of the Company (the "Jefferies Sales Agreement" and, together with the Deutsche Bank Sales Agreement, the "Second Amended and Restated Sales Agreements").
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