2020 Bulkers prices USD 175 million private placement at USD 0.3 per share

2020 Bulkers completed a private placement of 585,284,280 new shares at USD 0.3 each, raising up to USD 175 million gross. Demand exceeded supply several times at the offer price, prompting conditional allocations with notices expected Sept. 24, 2026. Net proceeds earmarked for USD 100 million of refinancing tied to an AHTS vessel acquisition, remaining USD 75 million for liquidity and M&A. Settlement targeted around Oct. 1, 2026, subject to shareholder votes on Sept. 29 and completion of the AHTS AS purchase. New shares will carry a separate ISIN and remain untradeable on Euronext Oslo Børs until a prospectus is published in late November or early December 2026. Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. 2020 Bulkers Ltd. published the original content used to generate this news brief on September 24, 2026, and is solely responsible for the information contained therein. (C)