International Seaways issues 1,624,036 unregistered shares in Bruton exchange
INSW•International Seaways issued 1,624,036 unregistered common shares in exchange transactions completed October 20 and 21, 2026. Participating shareholders exchanged interests represented by Norwegian depositary receipts covering approximately 50.5% of Bruton's outstanding common shares.
1. Share exchange
International Seaways issued 1,624,036 unregistered common shares in exchange transactions completed October 20 and 21, 2026. Participating shareholders exchanged interests in Bruton common shares represented by Norwegian depositary receipts covering approximately 50.5% of Bruton's outstanding common shares. The issuance relied on the registration exemption under Section 4(a)(2) of the Securities Act of 1933.
