Pyxis Tankers Inc. (PXS) Dividend History

Company News

• Pyxis Tankers Announces Completion of Common Share Repurchase Program & Update on Chartering Activity

  Pyxis Tankers Inc. has completed its $3 million common share repurchase program, acquiring 730,683 shares at an average cost of $4.03 per share. The company also redeemed all of its outstanding preferred stock, eliminating potential shareholder dilution. Pyxis Tankers provided updates on its chartering activity, with 72% of available days in Q1 2025 booked for its product tankers and 68% for its dry-bulk vessels.

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• Pyxis Tankers to Present at the 2024 ThinkEquity Conference

  Pyxis Tankers Inc., an international shipping company, announced that it will be participating in The ThinkEquity Conference on October 30, 2024, where its management team will present and hold one-on-one investor meetings.

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• REMINDER - Leading Shipping Companies Presenting at Capital Link’s 16th Annual New York Maritime Forum October 15, 2024, in New York City

  Senior executives from leading shipping companies will participate in panels at the 16th Annual New York Maritime Forum on October 15, 2024, in New York City. The event will cover the latest developments in the global shipping, energy, and commodity markets, as well as financial and capital markets.

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

  Pyxis Tankers announced the full redemption of its Series A Convertible Preferred Stock, updates on its common share repurchase program, and strong chartering activity for its product tanker and dry bulk fleets.

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• Pyxis Tankers Announces Closing of Modern Dry Bulk Vessel Joint Venture

  Maroussi, Greece – June 28, 2024 – Pyxis Tankers Inc. (NASDAQ Cap Mkts: PXS) (the “Company”), an international shipping company, announced today that it has closed its previously announced dry bulk vessel joint venture with an entity related to its Chairman and Chief Executive Officer, that was newly formed to acquire, own and operate, the “Konkar Venture”, a 2015 built 82,099 dwt Kamsarmax carrier. The Company invested $7.3 million in cash and will issue 267,857 restricted common shares for a 60% ownership interest in the joint venture.  The Konkar Venture, which is a sister ship to the Company’s eco-efficient “Konkar Asteri”, is continuing its employment under the existing time charter through mid-August, 2024 at a gross daily rate of $18,000.  After the acquisition of the vessel, including payment of transaction fees and expenses and application of vessel working capital, the Company’s consolidated total cash is estimated to be approximately $43.0 million, inclusive of restricted cash of $2.2 million, with total funded debt of approximately $89.0 million.

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