ATHENS, Greece, July  24, 2026  (GLOBE NEWSWIRE) -- EuroDry Ltd. (NASDAQ:EDRY), an owner and operator of drybulk vessels and provider of seaborne transportation for drybulk cargoes, announced today the official results

EDRY

EuroDry Ltd. Announces Results of Its 2026 Annual General Meeting of Shareholders

EuroDry AGM confirms governance and 2028 fleet expansion plan

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  <section data-block="information">
    <h3>Information</h3>
    <p>ATHENS, Greece, July  24, 2026  (GLOBE NEWSWIRE) -- EuroDry Ltd. (NASDAQ:EDRY), an owner and operator of drybulk vessels and provider of seaborne transportation for drybulk cargoes, announced today the official results</p>
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  <section data-block="ai-summary-paragraph">
    <h3>AI Summary</h3>
    <p>EuroDry announced the results of its Annual General Meeting and confirmed Deloitte as auditor for 2026. It also disclosed current fleet details (11 vessels) and a planned expansion to 15 vessels by 2028, including two Ultramax deliveries in 2027 and two Kamsarmax deliveries in 2028. The catalyst is longer-term fleet growth; near-term earnings impact remains unclear.</p>
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  <section data-block="ai-summary-bullets">
    <h3>Key Points</h3>
    <ul><li>AGM results announced; Class C directors re-elected for three years.</li><li>Deloitte named independent auditors for 2026.</li><li>Fleet details show 11 vessels; 766,420 dwt capacity.</li><li>Future deliveries expand fleet to 15 vessels (1,050,420 dwt) by 2028.</li></ul>
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  <section data-block="companies-mentioned">
    <h3>Companies Mentioned</h3>
    <ul><li><strong>EuroDry Ltd. (EDRY)</strong>: Subject of release; governance and fleet growth plans may influence valuation and forward capacity.</li><li><strong>Euroseas Ltd. (ESEA)</strong>: Parent company that spun off EuroDry; historical linkage may influence sector sentiment.</li><li><strong>Star Bulk Carriers Corp. (SBLK)</strong>: Peer in the drybulk space; sector-wide capacity changes could drive relative performance.</li><li><strong>Eagle Bulk Shipping Inc. (EGLE)</strong>: Drybulk peer; market moves often reflect overall supply/demand dynamics.</li><li><strong>Genco Shipping &amp; Trading Co. (GNK)</strong>: Another industry peer; capacity changes can influence fleet utilization trends.</li></ul>
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  <section data-block="category">
    <h3>Corporate Developments</h3>
    <p>Category: Corporate Developments. The release centers on governance and a multi-year fleet-expansion plan rather than earnings or regulatory actions, making it a medium-term driver for EDRY’s valuation tied to fleet growth and capital allocation outlook.</p>
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  <section data-block="market-moving">
    <h3>Market-Moving</h3>
    <ul><li>Fleet expansion to 15 vessels by 2028 heightens drybulk supply/dwt and potential rate pressure.</li><li>No near-term earnings guidance disclosed; market reaction remains uncertain.</li><li>Governance stability from AGM reduces overhang on fundamentals.</li></ul>
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  <section data-block="key-facts">
    <h3>Key Facts</h3>
    <ul><li>As of July 23, 2026, EuroDry operates 11 vessels totaling 766,420 dwt.</li><li>Deliveries planned: 2 Ultramax in 2027; 2 Kamsarmax in 2028.</li><li>Fleet expansion to 15 vessels and 1,050,420 dwt by 2028.</li><li>Re-elected Class C Directors: Aristides J. Pittas, Anastasios Aslidis, Aristides P. Pittas for 3-year term.</li><li>Deloitte Certified Public Accountants, S.A. approved as independent auditors for 2026.</li></ul>
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  <section data-block="trading-thesis">
    <h3>Trading Thesis</h3>
    <p>EDRY could trend modestly higher over 12–24 months if rate environments sustain utilization of the expanded fleet; key risk is capex/capital structure and sector cycles.</p>
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<link type="text/css" rel="stylesheet" href="https://www.globenewswire.com/styles/gnw_nitf.css"></link><p align="justify">ATHENS, Greece, July  24, 2026  (GLOBE NEWSWIRE) -- EuroDry Ltd. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/quote/EDRY">EDRY</a>), an owner and operator of drybulk vessels and provider of seaborne transportation for drybulk cargoes, announced today the official results of its Annual General Meeting of Shareholders held at the offices of Seward &amp; Kissel LLP, 1901 L Street NW, Suite 700, Washington, DC 20036, on Thursday, July 23, 2026 at 11:30 a.m. The following proposals were approved by the Company’s shareholders:</p>  <ol style="list-style-type:decimal;"><li style="text-align:justify;">Mr. Aristides J. Pittas, Mr. Anastasios Aslidis, and Mr. Aristides P. Pittas were re-elected as Class C Directors to serve for a term of three years until the Company’s 2029 Annual Meeting of Shareholders (&#34;Proposal One&#34;); and<br></br><br></br></li><li style="text-align:justify;">Deloitte Certified Public Accountants, S.A. was approved as the Company&#39;s independent auditors for the fiscal year ending December 31, 2026 (&#34;Proposal Two&#34;).<br></br><br></br></li></ol>  <p align="justify"><strong>About</strong> <strong>EuroDry</strong> <strong>Ltd.</strong></p>  <p align="justify">EuroDry Ltd. was formed on January 8, 2018 under the laws of the Republic of the Marshall Islands to consolidate the drybulk fleet of Euroseas Ltd into a separate listed public company. EuroDry was spun-off from Euroseas Ltd on May 30, 2018; it trades on the NASDAQ Capital Market under the ticker EDRY.</p>  <p align="justify">EuroDry operates in the dry cargo, drybulk shipping market. EuroDry&#39;s operations are managed by Eurobulk Ltd., an ISO 9001:2008 and ISO 14001:2004 certified affiliated ship management company and Eurobulk (Far East) Ltd. Inc., which are responsible for the day-to-day commercial and technical management and operations of the vessels. EuroDry employs its vessels on spot and period charters.</p>  <p align="justify">The Company has a fleet of 11 vessels, including 3 Panamax drybulk carriers, 5 Ultramax drybulk carriers, 2 Kamsarmax drybulk carriers and 1 Supramax drybulk carrier. EuroDry’s 12 drybulk carriers have a total cargo capacity of 766,420 dwt. After the delivery of two Ultramax vessels in 2027 and the delivery of the two Kamsarmax vessels in 2028, the Company’s fleet will consist of 15 vessels with a total carrying capacity of 1,050,420 dwt.</p> <table style="border-collapse: collapse; width:100%; border-collapse:collapse ;"><tr><td style="max-width:50%; width:50%; min-width:50%;;vertical-align: middle ; ">Visit our website <a href="https://www.eurodry.gr" rel="nofollow" target="_blank">www.eurodry.gr</a><br></br></td><td style="max-width:50%; width:50%; min-width:50%;;text-align: left ;  vertical-align: middle; vertical-align: middle ; "> </td></tr><tr><td style="vertical-align: middle ; "> </td><td style="text-align: left ;  vertical-align: middle; vertical-align: middle ; "> </td></tr><tr><td style="vertical-align: middle ; "><strong>Company</strong> <strong>Contact</strong></td><td style="text-align: left ;  vertical-align: middle; vertical-align: middle ; "><strong>Investor</strong> <strong>Relations /</strong> <strong>Financial</strong> <strong>Media</strong></td></tr><tr><td style="text-align: justify ;  vertical-align: middle; vertical-align: middle ; ">Tasos Aslidis<br></br></td><td style="text-align: left ;  vertical-align: middle; vertical-align: middle ; ">Nicolas Bornozis<br></br></td></tr><tr><td>Chief Financial Officer</td><td>Markella Kara</td></tr><tr><td>EuroDry Ltd.</td><td>Capital Link, Inc.</td></tr><tr><td>11 Canterbury Lane,</td><td>230 Park Avenue, Suite 1540</td></tr><tr><td>Watchung, NJ 07069</td><td>New York, NY 10169</td></tr><tr><td>Tel. (908) 301-9091</td><td>Tel. (212) 661-7566</td></tr><tr><td>E-mail: <a href="mailto:aha@eurodry.gr" rel="nofollow" target="_blank"><u>aha@eurodry.gr</u></a></td><td>E-mail: <a href="mailto:eurodry@capitallink.com" rel="nofollow" target="_blank"><u>eurodry@capitallink.com</u></a></td></tr></table><img alt="" class="__GNW8366DE3E__IMG" src="https://www.globenewswire.com/newsroom/ti?nf=OTc2Nzc2NSM3NzIyMDQwIzUwMDA0ODcxMQ=="></img> <br></br><img alt="" src="https://ml.globenewswire.com/media/NjVkY2ZhMjMtZjU5Mi00ZDRhLTg5OTctMGYyOGZhY2U4Yjc1LTUwMDA0ODcxMS0yMDI2LTA3LTI0LWVu/tiny/EuroDry-Ltd-.png" referrerpolicy="no-referrer-when-downgrade"></img><p><a href="https://www.globenewswire.com/NewsRoom/AttachmentNg/a2aff0c6-e1f3-46dd-afb9-7e178b39d762"><img src="https://ml.globenewswire.com/media/a2aff0c6-e1f3-46dd-afb9-7e178b39d762/small/edry2kgs-jpg.jpg" border="0" width="150" height="120" alt="Primary Logo"></img></a></p>

EuroDry announced the results of its Annual General Meeting and confirmed Deloitte as auditor for 2026. It also disclosed current fleet details (11 vessels) and a planned expansion to 15 vessels by 2028, including two Ultramax deliveries in 2027 and two Kamsarmax deliveries in 2028. The catalyst is longer-term fleet growth; near-term earnings impact remains unclear.

News insight

EuroDry Ltd. Announces Results of Its 2026 Annual General Meeting of Shareholders

AI summary

Sentiment rationale

Key facts

Corporate Developments