This report is based on public company disclosures, filings and announcements reviewed by GSN; figures are as stated by the company and have not been independently verified.

Star Bulk Carriers Corp. (Nasdaq: SBLK) announced on September 4, 2026, that it has received regulatory approvals in Greece to undertake a parallel listing of its common shares on Euronext Athens and to conduct an equity offering in that country. The company is an international maritime shipping firm based in the Marshall Islands that specializes in transporting dry bulk commodities.

According to the company’s press release, the parallel listing will apply to all common shares issued by Star Bulk Carriers Corp. and currently outstanding. These shares will trade under the ticker symbol SBLK on the Main Market of the Regulated Securities Market of Euronext Athens. The company stated that the new shares are expected to be admitted to trading on the Nasdaq Global Select Market on the same basis as the existing common shares, which have traded on that exchange since December 2007.

In conjunction with the listing, Star Bulk Carriers Corp. is offering up to 4,400,000 new common registered voting shares. The company indicated that the gross proceeds from this offering could reach up to 112.2 million euros, assuming a maximum offering price of 25.50 euros per share. The company estimated that offering and admission expenses would total approximately 7.3 million euros, resulting in net proceeds of about 104.9 million euros if the offering is fully subscribed at the maximum price.

The company provided an indicative timetable for the transaction. An announcement regarding the offering price range is expected on September 8, 2026. The offering period is scheduled to run from September 9 to September 11, 2026. Following the determination of the final offering price on September 11, settlement is expected on September 15, 2026. Trading of the common shares on Euronext Athens is expected to commence on September 16, 2026.

The company noted that the new shares have not been registered under U.S. federal securities laws and may not be offered or sold in the United States or to U.S. persons. The offering is being conducted outside the United States in reliance on Regulation S under the Securities Act of 1933.

Star Bulk Carriers Corp. also disclosed that its chief executive officer, Petros Pappas, has informed the board of directors of his family’s interest in participating in the offering. The family-controlled entities may invest up to 6.0 million euros, subject to the final terms and conditions of the offering. Additionally, the company announced that it cancelled 313,894 treasury shares on September 2, 2026. These shares had been previously repurchased on the Nasdaq during the second quarter of 2026.

For investors, the parallel listing expands the liquidity and accessibility of Star Bulk Carriers Corp. shares for European investors, while the equity offering provides the company with additional capital. The cancellation of treasury shares slightly reduces the total number of shares outstanding, though the net effect will depend on the final size of the new share issuance.

Sources