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Okeanis Eco Tankers Corp. – Completion and pricing of USD 130 million offering of new common shares

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ATHENS, Greece, Jan. 21, 2026 (GLOBE NEWSWIRE) -- Okeanis Eco Tankers Corp. (the “Company” or “OET”)...

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AI Summary

Okeanis Eco Tankers Corp. (ECO) successfully priced a share offering, raising $130 million. This funding will be used to partially acquire two new vessels, enhancing the company's fleet and positioning for future growth, with shares expected to begin trading shortly after the transaction closes.

Sentiment Rationale

Historically, similar equity raises followed by acquisitions have resulted in stock appreciation. If the company successfully completes the vessel acquisitions, investor sentiment is likely to improve as it positions the company for growth.

Trading Thesis

Bullish on ECO as vessel acquisitions may enhance revenue potential; medium-term focus.

Market-Moving

  • The successful funding could improve fleet expansion and operational efficiency.
  • Timely delivery of new vessels will impact future earnings positively.
  • The share price reaction may be positive with completion of the offering.

Key Facts

  • ECO raised $130 million through share offering at $36 each.
  • Proceeds will fund the acquisition of two Suezmax vessels.
  • Each vessel costs approximately $99.3 million; delivery expected in Q2 2026.
  • The offering is compliant with Norwegian Securities Trading Act requirements.
  • Shares will be available for trading on NYSE by January 23, 2026.

Companies Mentioned

  • Okeanis Eco Tankers Corp. (ECO): Upcoming vessel acquisitions are a key growth driver.
  • Daehan Shipbuilding Co., Ltd. (N/A): Construction partner for the newbuild vessels.

Corporate Developments

The announcement fits into 'Corporate Developments' due to the share offering and vessel acquisitions. This indicates strategic growth and capital management, which are critical for investor interest.

Okeanis Eco Tankers Corp. Announces Successful Pricing of USD 130 Million Share Offering

ATHENS, Greece, Jan. 21, 2026 -- Okeanis Eco Tankers Corp. (NYSE: ECO, OSE: OET) has successfully priced an offering of 3,611,111 shares of its common stock at USD 36.00 per share, raising approximately USD 130 million. The gross proceeds from this offering will primarily be directed towards funding the acquisition of two newbuilding Suezmax vessels currently under construction.

Details of the Offering

The offering, referred to as the “Offering,” was designed to enhance the company's expansion capabilities. The net proceeds are earmarked for two Suezmax vessels, each being acquired at a price of USD 99.3 million, from an unrelated third-party seller at Daehan Shipbuilding Co., Ltd. in South Korea. These vessels are anticipated to be delivered in the second quarter of 2026, subject to favorable closing conditions including securing the requisite debt financing.

  • Shares Offered: 3,611,111 common stock shares
  • Price Per Share: USD 36.00
  • Total Proceeds: Approximately USD 130 million
  • Vessel Acquisition Cost: USD 99.3 million each

Market Implications and Trading Timeline

The notification of share allocation is expected on January 21, 2026, around 13:00 CET, with the final delivery anticipated around January 23, 2026, contingent upon customary closing conditions. Once issued, the shares will be available for trading on the New York Stock Exchange under the ticker ECO.

In case the vessel acquisitions are not finalized, proceeds from the offering may be utilized for general corporate purposes. Importantly, each vessel purchase is independent; thus, the acquisition of one is not dependent on the other.

Regulatory Compliance and Documentation

The Offering adheres to the equal treatment obligations under the Norwegian Securities Trading Act. It is backed by a shelf registration statement effective since May 21, 2025, and conducted under SEC regulations. For further details, the prospectus supplement related to the Offering can be accessed via the SEC’s website.

Investors seeking additional documentation can contact Fearnley Securities AS or Clarksons Securities AS via the provided emails.

Company Overview

Okeanis Eco Tankers Corp. is a leading international shipping company committed to the seaborne transportation of crude oil and refined products. Since its incorporation in April 2018, OET operates under strict compliance with maritime regulations, ensuring efficient and environmentally responsible services.

The company boasts a modern fleet featuring eight scrubber-fitted Suezmax tankers, alongside additional vessels, reinforcing its reputation in international marine transportation.

Investor Contacts

For investor inquiries, please contact:

  • Iraklis Sbarounis, CFO
  • Phone: +30 210 480 4200
  • Email: ir@okeanisecotankers.com

Investor Relations/media inquiries can be directed to:

  • Nicolas Bornozis, President
  • Capital Link, Inc., 230 Park Avenue, Suite 1540, New York, N.Y. 10169
  • Phone: +1 (212) 661-7566
  • Email: okeanisecotankers@capitallink.com

This announcement is deemed inside information under EU Market Abuse Regulations and contains forward-looking statements based on current expectations, which are subject to numerous risks and uncertainties.

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