International Seaways to issue about 1,100,000 unregistered shares in Bruton acquisition
INSW•International Seaways will issue approximately 1,100,000 common shares for its Bruton acquisition, completed November 2, 2026.
1. Share issuance terms
International Seaways will issue approximately 1,100,000 common shares for its Bruton acquisition under the Securities Act’s Rule 802 registration exemption; U.S. holders owned fewer than 10% of Bruton shares. Holders of more than 10,000 Bruton common shares will receive 0.05190 International Seaways common shares per share, with cash for fractional shares, while holders of 10,000 or fewer shares will receive $6.3044 per share in cash.
