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Stock impact report

Pyxis Tankers Announces Full Redemption of Series A Convertible Preferred Stock and Updates on Common Share Repurchase Program & Chartering Activity

Pyxis Tankers Inc. (PXS) 
Last pyxis tankers inc. earnings: 3/20 07:00 am Check Earnings Report
Company Research Source: GlobeNewswire
Maroussi, Greece – September 11, 2024 – Pyxis Tankers Inc. (NASDAQ Cap Mkts: PXS), (“we”, “our”, “us”, the “Company” or “Pyxis Tankers”), an international shipping company, announced today key shareholder and chartering updates. On September 6, 2024, the Company’s Board of Directors approved the redemption of the remaining 303,631 outstanding shares of our 7.75% Series A Cumulative Convertible Preferred Stock (the “Preferred Shares”) (NASDAQ Cap Mkts: PXSAP) with a redemption date of October 20, 2024 (the “Redemption Date”). Pursuant to the certificate of designation relating to the Preferred Shares (the “Certificate of Designation”), the redemption price is 100% of the liquidation preference of the Preferred Shares of $25.00, plus accrued dividends up to, but not including the Redemption Date. Upon redemption, all outstanding PXSAP shares will be cancelled by the Company and cash dividends in respect of these shares will no longer be payable. After the redemption of the remaining 3 Show less Read more
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