Eagle Bulk Shipping (EGLE) Announces Effectiveness of Previously Announced Reverse Stock Split

Eagle Bulk Shipping Inc. (NASDAQ: EGLE) (“Eagle Bulk”, “Eagle” or the “Company”), one of the world’s largest owner-operators within the Supramax / Ultramax drybulk segment, today announced the effectiveness, as of 9:00 a.m. Eastern time, of the previously announced 1-for-7 reverse stock split of the Company’s issued common stock.

Additional information about the reverse stock split can be found in the Company’s Form 8-K that was filed with the Securities and Exchange Commission on September 14, 2020, a copy of which is available at www.sec.gov.

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