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>

<< Jul 2019 >>
MTWTFSS
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 4

Maritime Reconnaissance and Surveillance Technology

As varied threats in the Mediterranean Sea continue to proliferate, the need to advance…

read more >

2nd GREENTECH IN SHIPPING GLOBAL FORUM

Forum you will find out from the regulators, government bodies and major ports’ representatives what the near…

read more >

7th Annual Arctic Exchange

Every year the Exchange invites delegates from across the globe to come together to listen to key senior management teams…

read more >