Sphinx Investment Corp. Amends Stake in Performance Shipping
Ticker: PSHG · Form: SC 13D/A · Filed: Dec 12, 2024 · CIK: 1481241
| Field | Detail |
|---|---|
| Company | Performance Shipping Inc. (PSHG) |
| Form Type | SC 13D/A |
| Filed Date | Dec 12, 2024 |
| Risk Level | medium |
| Pages | 9 |
| Reading Time | 11 min |
| Key Dollar Amounts | $0.01, $3.00 |
| Sentiment | neutral |
Sentiment: neutral
Topics: ownership-change, sec-filing, amendment
Related Tickers: PSHG
TL;DR
Sphinx Investment Corp. just updated its 13D filing for Performance Shipping Inc. - ownership change incoming.
AI Summary
On December 12, 2024, Sphinx Investment Corp. filed an amendment to its Schedule 13D concerning Performance Shipping Inc. The filing indicates a change in beneficial ownership, with Sphinx Investment Corp. now holding a significant stake in the company. This amendment is a routine update to reflect recent transactions or changes in holdings.
Why It Matters
This filing signals a potential shift in the ownership structure of Performance Shipping Inc., which could influence future strategic decisions or market perception.
Risk Assessment
Risk Level: medium — Changes in beneficial ownership filings can indicate activist investor interest or strategic shifts, which may introduce volatility.
Key Players & Entities
- Sphinx Investment Corp. (company) — Filing entity
- Performance Shipping Inc. (company) — Subject company
- George Economou (person) — Group member
- Maryport Navigation Corp. (company) — Group member
FAQ
What is the specific percentage of shares now beneficially owned by Sphinx Investment Corp. after this amendment?
The provided text does not specify the exact percentage of shares beneficially owned by Sphinx Investment Corp. after this amendment.
What was the previous filing date for this Schedule 13D by Sphinx Investment Corp.?
The provided text does not state the previous filing date for this Schedule 13D.
What specific transactions or events prompted this amendment to the Schedule 13D filing?
The provided text does not detail the specific transactions or events that prompted this amendment.
What is the primary business of Performance Shipping Inc.?
Performance Shipping Inc. is engaged in the 'DEEP SEA FOREIGN TRANSPORTATION OF FREIGHT'.
Who are the listed group members associated with this filing?
The listed group members are George Economou and Maryport Navigation Corp.
Filing Stats: 2,630 words · 11 min read · ~9 pages · Grade level 10.4 · Accepted 2024-12-12 09:10:11
Key Financial Figures
- $0.01 — mes of Filing Persons) Common shares, $0.01 par value (including the associated P
- $3.00 — may be amended from time to time)), for $3.00 per Share in cash, without interest, le
Filing Documents
- tm2430797d1_sctota.htm (SC TO-T/A) — 74KB
- 0001104659-24-127853.txt ( ) — 77KB
SIGNATURES
SIGNATURES After due inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct. Date: December 12, 2024 SPHINX INVESTMENT CORP. By: Levante Services Limited By: /s/ Kleanthis Costa Spathias Kleanthis Costa Spathias Director MARYPORT NAVIGATION CORP. By: Levante Services Limited By: /s/ Kleanthis Costa Spathias Kleanthis Costa Spathias Director George Economou /s/ George Economou George Economou EXHIBIT INDEX Exhibit Description (a)(1)(A) Offer to Purchase* (a)(1)(B) Form of Letter of Transmittal* (a)(1)(C) Form of Notice of Guaranteed Delivery* (a)(1)(D) Form of Letter to Brokers, Dealers, Commercial Banks, Trust Companies and Other Nominees* (a)(1)(E) Form of Letter to Clients for Use by Brokers, Dealers, Commercial Banks, Trust Companies and Other Nominees* (a)(1)(F) Form of Summary Advertisement as published in the New York Times on October 11, 2023 * (a)(1)(G) Amended and Restated Offer to Purchase* (a)(1)(H) Form of revised Letter of Transmittal* (a)(1)(I) Form of revised Notice of Guaranteed Delivery* (a)(1)(J) Form of revised Letter to Brokers, Dealers, Commercial Banks, Trust Companies and Other Nominees* (a)(1)(K) Form of revised Letter to Clients for Use by Brokers, Dealers, Commercial Banks, Trust Companies and Other Nominees* (a)(1)(L) Complaint filed by Sphinx Investment Corp. in the Supreme Court of the State of New York located in the County of New York* (a)(1)(M) Press Release issued by Sphinx Investment Corp. on October 30, 2023* (a)(1)(N) Press Release issued by Sphinx Investment Corp. on November 15, 2023* (a)(1)(O) Supplement to Amended and Restated Offer to Purchase dated December 5, 2023* (a)(1)(P) Press Release issued by Sphinx Investment Corp. on March 26, 2024* (a)(1)(Q) Press Release issued by Sphinx Investment Corp. on June 27, 2024* (a)(1)(R) Complain