Opportunity to Bolster the Balance Sheet While Providing an Exit

While simultaneously working with its bankers, Star Bulk was also preparing a shelf registration to issue $250 million in securities, which may include: common shares, preferred shares, debt securities, warrants, purchase contracts and units. In addition, the prospectus provides for a secondary offering by existing shareholders to sell up to 14.3 million shares and 1.1 million warrants that were previously acquired in private transactions. Unless specified otherwise in a prospectus supplement, the net proceeds from the sale of securities will be used for capital expenditures, repayment of debt, working capital, vessel acquisitions or general corporate purposes. The prospectus went effective on Tuesday

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