Scorpio Bulkers has said it will sell its latest offering of 20m shares in its common stock at a price of $3.05 per share, which would raise $61m.
Scorpio Services Holding, which is controlled by Scorpio’s founding family, the Lolli-Ghettis, has agreed to purchase 5,250,000 of the shares at the public offering price, spending just over $16m.
The offering’s net proceeds are expected to be used for general corporate purposes, the NYSE-listed company said.
