2020 Bulkers Ltd. Issues Over 1.15B New Shares
2020 Bulkers Ltd. has issued 1,151,797,885 new shares, increasing its total share count to 1,174,728,791. This issuance is linked to a $175 million private placement and the partial completion of an acquisition. Trading on Euronext Oslo Børs is pending the release of a prospectus.
Story updates
06:56:23 AM UTC
SquawkNews
2020 Bulkers completed the AHTS AS acquisition and related deals, taking control of 11 large AHTS vessels. A $175M private placement closed; up to 4 more vessels are expected by Q4—Oct 2026, which would take the fleet to 15, with additional consideration shares to be issued on delivery.Material Det…