Heidmar Maritime Holdings Corp. Files 6-K with Subsequent Event

TL;DR

Heidmar Maritime Holdings Corp. (HMR) filed a 6-K for Q2 2025, showing operational updates and a July 1st purchase agreement with BRiley Principal Capital II LLC.

AI Summary

Heidmar Maritime Holdings Corp. filed a 6-K report for the period ending June 30, 2025. The filing details various operational aspects, including office leases in Hong Kong and Singapore from January 1, 2025, to June 30, 2025, and chartering out vessels during the same period. A significant subsequent event is a Purchase Agreement with BRiley Principal Capital II LLC, effective July 1, 2025.

Why It Matters

This filing provides an update on Heidmar's operational activities and a key subsequent event, offering insight into the company's recent business developments and potential future transactions.

Risk Assessment

Risk Level: medium — The filing contains information about operational activities and a subsequent event, which could indicate changes in the company's structure or financial standing.

Key Players & Entities

• Heidmar Maritime Holdings Corp. (company) — Filer
• BRiley Principal Capital II LLC (company) — Party to a Purchase Agreement
• 2025-06-30 (date) — Period of Report
• 2025-07-01 (date) — Effective date of Purchase Agreement

FAQ

Key Financial Figures

• $15.2 million — nues from time and voyage charters were $15.2 million for the six-month period ended June 30,
• $1.3 million — riod ended June 30, 2025, a decrease of $1.3 million or 8%, from net revenues of $16.4 milli
• $16.4 million — 1.3 million or 8%, from net revenues of $16.4 million for the six-month period ended June 30,
• $1.9 million — Trade revenues Trade revenues were $1.9 million for the six-month period ended June 30,
• $1.6 million — riod ended June 30, 2025 as compared to $1.6 million for the six-month period ended June 30,
• $0.3 million — al management services. The increase of $0.3 million or 15% is due mainly to the increase in
• $3.8 million — Trade revenues, related parties were $3.8 million for the six-month period ended June 30,
• $5.6 million — riod ended June 30, 2025 as compared to $5.6 million for the six-month period ended June 30,
• $1.8 million — ol management services. The decrease of $1.8 million or 31% over 2024 is due to the decrease
• $9.5 million — Voyage and time charter revenues were $9.5 million for the six-month period ended June 30,
• $8.6 million — riod ended June 30, 2025 as compared to $8.6 million for the six-month period June 30, 2024.
• $0.9 million — d from a single vessel. The increase of $0.9 million is mainly attributable to the time char
• $0.6 million — ed June 30, 2025, was $nil, compared to $0.6 million in the corresponding period in 2024. Th
• $17.8 million — Expenses/(Income) Total expenses were $17.8 million for the six-month period ended June 30,
• $13.7 million — (or 117% of total revenues) compared to $13.7 million the six-month period ended June 30, 202

Filing Documents

• hmr-20250630.htm (6-K) — 1738KB
• 0001193125-25-223280.txt ( ) — 10799KB
• hmr-20250630.xsd (EX-101.SCH) — 2193KB
• hmr-20250630_htm.xml (XML) — 1768KB

Quantitative and Qualitative Disclosures About Market Risk

Quantitative and Qualitative Disclosures About Market Risk We are exposed to risks associated with adverse changes in exchange rates and commodity prices. We have established risk management policies to monitor and manage such market risks, as well as credit risks. From time to time, we may execute transactions of derivatives, in order to manage market risks. We are exposed to currency risk on purchases, receivables and payables where they are denominated in a currency other than the U.S. dollar. We do not enter into commodity contracts other than to meet our operational needs. These transactions do not meet the criteria for hedging for accounting purposes and therefore the change in their fair value is recognized directly in profit or loss. The carrying amounts of certain financial assets and liabilities, including cash and cash equivalents, receivables from related parties, other receivables, payables to vessel owners, accounts payable and accrued expenses, payables to shareholder, payables to sharing partner and assignee, payables to assignee, related party and payables to related parties are reasonable estimates of their fair value due to the short-term nature of these financial instruments. When measuring the fair value of an asset or a liability, we use market observable data to the extent applicable. Foreign Exchange Rate Risk Our primary economic environment is the international shipping market. This market utilizes the US dollar as its functional currency. Consequently, virtually all of our revenues and the majority of our operating expenses are in US dollars. However, we incur some of our combined expenses in other currencies, particularly the Euro. The amount and frequency of some of these expenses (such as vessel repairs, supplies and stores) may fluctuate from period to period. Depreciation in the value of the US dollar relative to other currencies will increase the US dollar cost of us paying such expenses. The portion of our business conducted i

View Full Filing

View this 6-K filing on SEC EDGAR