The recently acquisitive Eagle Bulk Shipping has put in place a $50m at-the-market (ATM) stock sales plan with a link to ultramax buys, but it is not believed the move is related to an imminent deal.
The Gary Vogel-led owner said after market close on Friday that it has contracted with B Riley Securities, BTIG and Fearnley Securities to sell common stock into the market from time to time.
