Joe Brady

Toronto investor finalises first tranche of warrants deal in larger investment that will reach $1bn aimed at consolidation, growth.

Extension reduces next year’s repayment while boosting new convertible issue over $200m index threshold.

Failure to launch on Nasdaq is blamed on a ‘fundamental lack of demand’, but some observers also point the finger at lead investment bank’s sale of Star Bulk Carriers shares a day earlier

Radziwill-led owner was done in by timing, other negatives in dry-bulk sector as investors pushed for discount pricing, sources say.

IPO pricing will be key for Radziwill as New York begins to trust the idea of a dry bulk recovery