Pyxis Tankers Announces Pricing of Public Offering of Series A

Source: www.gulfoilandgas.com 7/14/2021, Location: Europe

Pyxis Tankers Inc., an international pure play product tanker company, announced the pricing of an underwritten public offering (the “Offering”) of 308,487 shares of 7.75% Series A Cumulative Convertible Preferred Shares (the “Preferred Shares”) at a public offering price of $20.00 per share.

Pyxis Tankers expects to receive gross proceeds of approximately $6.17 million from the Offering, prior to deducting underwriting discounts and estimated offering expenses. The Company intends to use the net proceeds from the Offering for general corporate purposes, including working capital and potential vessel acquisitions.

The Offering is expected to close on July 16, 2021, subject to the satisfaction of customary closing conditions.

ThinkEquity, a division of Fordham Financial Management, Inc., is acting as sole book-running manager for the Offering.

The securities described above are being offered by Pyxis Tankers pursuant to a shelf registration statement on Form F-3 (File No. 333-256167) previously filed with and subsequently declared effective by the U.S. Securities and Exchange Commission (the “SEC”).


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