Pyxis Tankers publishes presentation on 7% Series B cumulative convertible preferred shares

Reuters2026/07/22 15:17

By:Reuters

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Pyxis Tankers outlined terms for its 7.0% Series B Cumulative Redeemable Perpetual Convertible Preferred Stock, listed on Nasdaq as PXSBP.
Dividend set at 7.0% on a USD 25 liquidation preference, equal to USD 1.75 per share annually, paid monthly in arrears when declared.
Holders can convert at USD 15 per common share, equal to 1.667 common shares per preferred share.
Company can force conversion if the common share price is at least USD 22.5 for 20 of 30 consecutive trading days.
Redemption option begins on the third anniversary at USD 25 per share plus accrued dividends; change-of-control redemption ranges from USD 26.63 to USD 25.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Pyxis Tankers Inc. published the original content used to generate this news brief on July 22, 2026, and is solely responsible for the information contained therein.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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Pyxis Tankers publishes presentation on 7% Series B cumulative convertible preferred shares

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