Eagle Bulk Shipping Inc.- Halper Sadeh

Eagle Bulk Shipping Inc.

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EGLE STOCK ALERT: HALPER SADEH LLC IS INVESTIGATING WHETHER THE SALE OF EAGLE BULK SHIPPING INC. IS FAIR TO SHAREHOLDERS

December 11, 2023.

New York, New York—Halper Sadeh LLC, an investor rights law firm, is investigating whether the sale of Eagle Bulk Shipping Inc. (NYSE: EGLE) to Star Bulk Carriers Corp. for 2.6211 shares of Star Bulk common stock for each share of Eagle common stock is fair to Eagle shareholders.

The investigation concerns whether Eagle and its board of directors violated the federal securities laws and/or breached their fiduciary duties to shareholders by failing to, among other things: (1) obtain the best possible consideration for Eagle shareholders; (2) determine whether Star Bulk is underpaying for Eagle; and (3) disclose all material information necessary for Eagle shareholders to adequately assess and value the merger consideration. On behalf of Eagle shareholders, Halper Sadeh LLC may seek increased consideration for shareholders, additional disclosures and information concerning the proposed transaction, or other relief and benefits.

Halper Sadeh LLC represents investors all over the world who have fallen victim to securities fraud and corporate misconduct. Our attorneys have been instrumental in implementing corporate reforms and recovering millions of dollars on behalf of defrauded investors.

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I currently hold, and will continue to hold, at least one share of Eagle Bulk Shipping Inc. while the matter, if any, is pending.*

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Signed pursuant to California Civil Code Section 1633.1, et seq., and the Uniform Electronic Transactions Act as adopted by the various states and territories of the United States.

Date of signing: May 14, 2024

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