Eagle Bulk Shipping (EGLE) Announces 1-for-7 Reverse Stock Split

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Go back to Eagle Bulk Shipping (EGLE) Announces 1-for-7 Reverse Stock Split

Eagle Bulk Shipping Inc. Announces Reverse Stock Split

September 14, 2020 11:45 AM EDT

STAMFORD, Conn., Sept. 14, 2020 (GLOBE NEWSWIRE) -- Eagle Bulk Shipping Inc. (NASDAQ: EGLE) (Eagle Bulk, Eagle or the Company), one of the worlds largest owner-operators within the Supramax / Ultramax drybulk segment, today announced that it has resolved to effect a reverse stock split of the Companys issued common stock and has determined the ratio to be 1-for-7. The Companys shareholders approved the reverse stock split and granted the Board the authority to determine the exact split ratio and when to proceed with the reverse stock split at the Companys Annual Meeting of Shareholders... More