Pyxis Tankers Arranges USD 4.8 Million Private Placement

Image Courtesy: Pyxis Tankers

Greece-based product tanker company Pyxis Tankers has announced a private placement of common stock as it entered into a definitive securities purchase agreement with a group of investors. 

The gross proceeds resulting from the transaction will be USD 4.8 million, before deducting placement offering expenses.

The company will issue 2.400,000 shares of common stock at a price of USD 2 per share. This private placement is expected to close on or before December 8, 2017, according to Pyxis Tankers.

As explained, the net proceeds from the transaction will be used for general corporate purposes, which may include the repayment of outstanding indebtedness.

Last month, Pyxis Tankers released its financial results for the third quarter of 2017 which show the company suffered a net loss of USD 1.3 million, compared to a net loss of USD 1.5 million seen in the same period a year earlier. For the nine months ended September 30, 2017, the company reported a net loss of USD 3.8 million, against a net income of USD 19,000 posted in the corresponding period of 2016.

Currently, Pyxis Tankers’ fleet is comprised of six tankers with an average age of around 6.7 years and an agreggate tonnage of 216,695 dwt.

Share this article

Follow World Maritime News

In Depth>


<< Mar 2018 >>
26 27 28 1 2 3 4
5 6 7 8 9 10 11
12 13 14 15 16 17 18
19 20 21 22 23 24 25
26 27 28 29 30 31 1

Singapore Maritime Technology Conference and Exhibition (SMTC) 2018

The 3rd Singapore Maritime Technology Conference and Exhibition (SMTC) 2018 is organized by the Maritime and Port Authority of Singapore…

read more >

Shippax Ferry Conference 2018

The two-day onboard ferry conference was first organized in 2003 and grows ever more popular with some 400 delegates from over 40 ferry…

read more >

8th Dredging & Land Reclamation World Summit 2018

The 8th Dredging and Land Reclamation Summit 2018 will gather the decision makers from Authorities and Operators responsible for ports…

read more >

Shipping 360

This course is ideal for those who have recently joined the maritime sector and those who need to have a better understanding…

read more >