Eagle Bulk has changed the number of shareholder units registered for possible resale as part of recording $750m in equity to fund fleet expansion and general business costs.
The Gary Vogel-led bulker owner logged the multimillion-dollar shelf filing with the SEC in early August after acquiring six ultramaxes.
As part of last month's filing, Eagle also recorded up to 50.7 million common shares for possible shareholder resale, including 34.3 million covered by a prior registration.
The remaining 16.4 million units were offered through the August registration, along with up to 537 outstanding warrants and 537 common shares for exercising those warrants.
In a Tuesday filing, Eagle lowered the number of shareholders units offered for possible resale to 47.2 million, including 12.9 million shares covered by the latest filing.
The new registration also shelves 10, 748 outstanding warrants, instead of just 537 originally, and 537 common shares for exercising those warrants.
The New York-listed company has added 20 ultramaxes to its fleet in the past three years, while divesting 14 older vessels.
