Pyxis Tankers Arranges USD 4.8 Million Private Placement

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>

Events>

<< Oct 2019 >>
MTWTFSS
30 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 2 3

CruiseConnect Global 2019

Attend CrewConnect Global and stay on for the CruiseConnect Summit to take part in an industry-wide conversation focused…

read more >

CEDA Dredging Days 2019

CEDA Dredging Days programme will follow its successful format of contributed peer-reviewed…

read more >

Offshore Wind Europe 2019

#OWEU19 is a meeting place for governments, developers and suppliers to grow the confidence in wind power. Perfect to grow your business by securing new customers, meeting officials and industry heads.

read more >

6th Mozambique Gas Summit & Exhibit

This year’s edition will have a revamped programme for attendees.

read more >