On December 13, 2023, Himalaya Shipping Ltd. closed the transaction. The company issued 3,117,143 common shares at an issue price of $5.614115 for the gross proceeds of $17,499,999.27344. The transaction included participation from new investor of Drew Holdings Ltd. who has subscribed for 801,551 shares at an issue price of $5.614115 for the gross proceeds of $4,499,999.492365, Bjørn Isaksen for 50,000 shares for $280,705.75, Herman Billung for 4,000 shares for $22,456.46.

The Private Placement was significantly oversubscribed.