Star Bulk Completes $124.42M Share Allocation

• Star Bulk Carriers Corp. allocated 4,400,000 new shares in the offering.
• The shares priced at $28.27, equivalent to €24.50.
• Total proceeds reached $124.42 million, or €107.8 million.
• The public offering was oversubscribed by over 6 times.
• Qualifying Investors received 59% of the allocation while Retail Investors received 41%.

Allocation Timeline

Star Bulk Carriers Corp. finalized its new-share allocation on Friday, 11 September 2026.

The offering priced new shares at $28.27, or €24.50, using a EUR/USD conversion rate of 1.1539.

Total proceeds from the offering came to $124.42 million, equivalent to €107.8 million.

Investor Demand

Total valid demand across the public offering reached 26,788,512 shares.

The offering was oversubscribed by over 6 times.

Valid demand was valued at €656.3 million, or $757.32 million.

Retail Investors submitted demand for 10,618,424 shares, while Qualifying Investors sought 16,070,088 shares.

Allocation Breakdown

Retail Investors were allocated 1,743,504 shares, representing 41% of the offering.

Qualifying Investors received 2,556,496 shares, or 59% of the allocation.

A parallel offering allocated 100,000 shares, generating $2.82 million, or €2.5 million, in proceeds.

The public offering in Greece allocated 4,300,000 shares, raising $121.62 million, or €105.4 million.

Insider and Bank Allocations

The family of CEO Mr. Pappas initially demanded 248,000 shares and was ultimately allocated 148,800 shares.

That allocation represented a 60% satisfaction rate for the family's demand.

Optima bank S.A. submitted a subscription application for 400,000 shares and was allocated 52,000 shares.

Advisors

AXIA Ventures Group Ltd acted as Lead Advisor and Joint Coordinator and Bookrunner on the offering.

National Bank of Greece S.A. served as Co-Advisor and Joint Coordinator and Bookrunner.