SwissMarine Amends PNGA Stake Disclosure as of Dec 31, 2023

TL;DR

**SwissMarine updated its PNGA ownership, giving a peek into big money's current position.**

AI Summary

SwissMarine Pte. Ltd. filed an amended SC 13G/A on January 9, 2024, indicating their ownership of Pangaea Logistics Solutions Ltd. (PNGA) common stock as of December 31, 2023. This filing, an amendment to a previous disclosure, updates their beneficial ownership status. This matters to investors because it provides transparency into significant institutional holdings, which can influence stock stability and investor confidence in Pangaea Logistics Solutions Ltd.

Why It Matters

This filing provides an updated snapshot of a major investor's stake, offering insight into institutional confidence in Pangaea Logistics Solutions Ltd. and potentially signaling future trading activity.

Risk Assessment

Risk Level: low — This is a routine disclosure of ownership, not indicating any immediate negative or positive event for the company.

Analyst Insight

An investor should note SwissMarine's continued interest in Pangaea Logistics Solutions Ltd. but recognize this filing is a routine update, not an immediate buy/sell signal. Further research into SwissMarine's investment thesis and Pangaea's fundamentals would be prudent.

Key Players & Entities

• SwissMarine Pte. Ltd. (company) — the entity filing the SC 13G/A, reporting its ownership in Pangaea Logistics Solutions Ltd.
• Pangaea Logistics Solutions Ltd. (company) — the issuer whose common stock is being reported on in the SC 13G/A filing
• 0001606909 (number) — Central Index Key (CIK) for Pangaea Logistics Solutions Ltd.
• 0001996395 (number) — Central Index Key (CIK) for SwissMarine Pte. Ltd.
• December 31, 2023 (date) — the date of the event which required the filing of this statement

Forward-Looking Statements

• SwissMarine Pte. Ltd. will maintain its significant stake in Pangaea Logistics Solutions Ltd. for the foreseeable future. (SwissMarine Pte. Ltd.) — medium confidence, target: 2025-01-09
• Pangaea Logistics Solutions Ltd.'s stock price will experience minimal volatility directly due to this routine filing. (Pangaea Logistics Solutions Ltd.) — high confidence, target: 2024-02-09

FAQ

Filing Documents

• d10929250_13g-a.htm (SC 13G/A) — 77KB
• 0000919574-24-000210.txt ( ) — 79KB

From the Filing

SC 13G/A 1 d10929250_13g-a.htm UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, DC 20549 SCHEDULE 13G Under the Securities Exchange Act of 1934 (Amendment No.1)* Pangaea Logistics Solutions Ltd. (Name of Issuer) Common Stock (Title of Class of Securities) G6891L105 (CUSIP Number) December 31, 2023 (Date of Event Which Requires Filing of this Statement) Check the appropriate box to designate the rule pursuant to which this Schedule is filed: [_] Rule 13d-1(b) [ X ] Rule 13d-1(c) [_] Rule 13d-1(d) __________ *The remainder of this cover page shall be filled out for a reporting person's initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter the disclosures provided in a prior cover page. The information required in the remainder of this cover page shall not be deemed to be "filed" for the purpose of Section 18 of the Securities Exchange Act of 1934 ("Act") or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes). CUSIP No. G6891L105 1. NAME OF REPORTING PERSONS I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY) SwissMarine Pte. Ltd. 2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS) (a) [_] (b) [_] 3. SEC USE ONLY 4. CITIZENSHIP OR PLACE OF ORGANIZATION Singapore NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH 5. SOLE VOTING POWER 1,430,991 6. SHARED VOTING POWER 0 7. SOLE DISPOSITIVE POWER 1,430,991 8. SHARED DISPOSITIVE POWER 0 9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 1,430,991 10. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS) [_] [ ] 11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) 3.07% 12. TYPE OF REPORTING PERSON (SEE INSTRUCTIONS) CO Item 1. (a). Name of Issuer: Pangaea Logistics Solutions Ltd. (b). Address of issuer's principal executive offices: 109 Long Wharf Newport, RI 02840 Item 2. (a). Name of person filing: SwissMarine Pte. Ltd. (b). Address or principal business office or, if none, residence: 20 Cecil Street #07-06 Plus Singapore (049705) (c). Citizenship: Singapore (d). Title of class of securities: Common Stock (e). CUSIP No.: G6891L105 Item 3. If This Statement is filed pursuant to .240.13d-1(b) or 240.13d-2(b), or (c), check whether the person filing is a (a) [_] Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o). (b) [_] Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c). (c) [_] Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c). (d) [_] Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8). (e) [_] An investment adviser in accordance with 240.13d-1(b)(1)(ii)(E); (f) [_] An employee benefit plan or endowment fund in accordance with 240.13d-1(b)(1)(ii)(F); (g) [_] A parent holding company or control person in accordance with 240.13d-1(b)(1)(ii)(G); (h) [_] A savings association as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C.1813); (i) [_] A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3); (j) [_] A non-U.S. institution in accordance with 240.13d-1(b)(1)(ii)(J); (k) [_] Group, in accordance with 240.13d-1(b)(1)(ii)(K). If filing as a non-U.S. institution in accordance with 240.13d-1(b)(1)(ii)(J), please specify the type of institution: Item 4. Provide the following information regarding the aggregate number and percentage of the class of securities of the issuer identified in Item 1. (a) Amount beneficially owned: 1,430,991 (b) Percent of class: 3.07% (c) (i) Sole power to vote or to direct the vote 1,430,991 (ii) Shared power to vote or to direct the vote 0 (iii) Sole power to dispose or to direct the disposition of 1,430,991 (iv) Shared power to dispose or to direct the disposition of 0 Instruction: For computations regarding securities which represent a right to acquire an underlying security see 240.13d-3(d)(1). Item 5. If this statement is being filed to report the fact that as of the date hereof the reporting person has ceased to be the beneficial owner of more than five percent of the class of securities, check the following [X]. Item 6. If any other person is known to have the right to receive or the power to direct the receipt of dividends from, or the proceeds from the sale of, such securities, a statement to that effect should be included in response to this item and, if such interest relates to more than 5 percent of the class, such person should be identified. A listing of the shareholders of an investment company registered under the Investment Company Act of 1940 or the beneficiaries of

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