Golden Ocean Group Ltd Stock Price, News & Analysis

Golden Ocean Group Limited (NASDAQ: GOGL) has announced that August 19, 2025 will be the last trading day for its shares, subject to approval at today's Special General Meeting and successful completion of its merger with CMB.TECH NV (NYSE: CMBT). The announcement follows the company's previous disclosure on August 18, 2025, which outlined key dates for the merger completion.

This marks a significant milestone in the merger process between Golden Ocean and CMB.TECH, with trading of GOGL shares set to cease on both NASDAQ and Euronext Oslo Børs exchanges.

Golden Ocean Group (NASDAQ & OSE: GOGL) has announced key dates for completing its merger with CMB.TECH NV (NYSE & Euronext Brussels: CMBT). The merger will see Golden Ocean merging with CMB.TECH Bermuda Ltd., a wholly-owned subsidiary of CMB.TECH, with CMB.TECH Bermuda as the surviving entity.

The merger's completion is scheduled for August 20, 2025, before market opening. The last trading day for GOGL shares will be August 19, 2025. CMB.TECH shares will begin trading on OSE and NYSE on August 20, 2025. Former GOGL shareholders will receive their CMB.TECH shares between August 21-22, 2025. Due to the merger timing, Golden Ocean's Q2 2025 results will be incorporated into CMB.TECH's Q2 report.

Golden Ocean Group (NASDAQ: GOGL) has provided an update on its planned stock-for-stock merger with CMB.TECH NV. The merger involves Golden Ocean merging with CMB.TECH Bermuda Ltd., with shareholders receiving 0.95 CMB.TECH ordinary shares for each GOGL share, resulting in approximately 95,952,934 new CMB.TECH shares being issued.

A special general meeting is scheduled for August 19, 2025, where shareholders of record as of July 16, 2025, will vote on the merger approval. Subject to approval and conditions, the merger is expected to close around August 20, 2025, marking the first trading day of new shares on NYSE, Euronext Brussels, and Euronext Oslo Børs.

The company has received demand letters regarding additional disclosure and notices from shareholders intending to exercise dissenting rights under Bermuda law, with legal proceedings initiated.

Golden Ocean Group (NASDAQ: GOGL) has provided an update on its pending merger with CMB.TECH NV (NYSE: CMBT). The merger is expected to complete around August 20, 2025, following Golden Ocean's Special General Meeting on August 19, 2025.

The company announced a change in its VPS registrar from Nordea to DNB Carnegie to facilitate the merger closing. As part of this transition, there will be a conversion stop period from August 4 to August 20, 2025, during which shareholders cannot convert or transfer shares between Euronext Oslo Børs and Nasdaq. Trading of new CMB.TECH merger consideration shares is expected to begin on NYSE, Euronext Brussels, and Euronext Oslo Børs on August 20, 2025.

Golden Ocean Group Limited (NASDAQ: GOGL) has announced a Special General Meeting scheduled for August 19, 2025. The shipping company has made the meeting notice and associated documentation, including a merger prospectus, available on their website at www.goldenocean.bm. The announcement complies with Norwegian Securities Trading Act disclosure requirements.

Golden Ocean Group (NASDAQ: GOGL) has announced it will hold a Special General Meeting on August 19, 2025. The company has set July 16, 2025 as the record date for voting eligibility. Shareholders can expect to receive detailed information about the meeting, which will be made available on the company's website at www.goldenocean.bm.

Golden Ocean and CMB.TECH have secured $2 billion in loan facilities to refinance Golden Ocean's outstanding debt, marking a significant financial milestone ahead of their planned merger. The agreement includes a $1.25 billion term loan facility and a $750 million revolving credit facility (RCF). The term loan is scheduled for drawdown in Q2 and Q3 2025, while the RCF will become available after the merger's completion, expected in Q3 2025. Golden Ocean will serve as the borrower, with CMB.TECH acting as the parent guarantor. This refinancing arrangement follows CMB.TECH's earlier announcement in March 2025 regarding their identification of a bank syndicate for this purpose.

Golden Ocean Group (GOGL) has published its seventh annual ESG Report for 2024, demonstrating significant progress in environmental performance. The report, aligned with SASB Marine Transportation framework and GRI Standards, highlights the company's commitment to sustainability and fleet modernization. CEO Peder Simonsen announced an impressive 11.7% reduction in CII emissions compared to 2019 baseline, surpassing the 2024 target. The company remains on track for its ambitious emission reduction goals of 15% by 2026, 30% by 2030, and achieving net zero by 2050. The comprehensive report covers ESG performance across operations and value chain, showcasing Golden Ocean's dedication to sustainable shipping practices.

Golden Ocean Group Limited (GOGL) has declared a dividend of USD 0.05 per share for the first quarter of 2025. The stock begins trading ex-dividend on June 4, 2025. The dividend payment is scheduled for June 17, 2025, with shareholders registered on Euronext VPS expected to receive their payments around June 19, 2025 due to CSDR implementation in Norway. This quarterly dividend distribution demonstrates the company's commitment to returning value to shareholders, though the amount represents a relatively modest payout.