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- Robin Energy (RBNE) on Tuesday said it is commencing a self tender offer to repurchase up to 1,000,000 shares of its common stock, along with associated preferred share purchase rights, at $3.00 per share.
- The offer, funded from cash on hand, will expire on April 23, 2026, unless extended or withdrawn.
- The company said the buyback reflects its assessment that repurchasing shares is in the best interest of shareholders given its cash position and stock price.
- RBNE is +24.54% to $1.37.
- Source: Press Release
