• 2020 Bulkers entered a binding agreement to buy all shares in AHTS AS, targeting up to 15 large AHTS vessels.
• Enterprise value set at USD 264 million for 10 vessels on a debt-free, cash-free basis; equity value estimated at about USD 113 million.
• Consideration to be paid entirely in new shares priced at USD 0.3 each; about 377 million shares expected at completion.
• AHTS AS also secured sell-down commitments for additional vessel-owning project companies; committed stake priced at about USD 90 million, paid in shares.
• Closing targeted around Oct. 1, contingent on a USD 175 million private placement; total new debt targeted at about USD 150 million.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. 2020 Bulkers Ltd. published the original content used to generate this news brief on September 22, 2026, and is solely responsible for the information contained therein.