Maritime Investors Corp. Amends Pyxis Tankers Stake

TL;DR

Maritime Investors Corp. just updated its Pyxis Tankers stake filing. Watch this space.

AI Summary

Maritime Investors Corp. filed an amendment (No. 8) to its Schedule 13D on March 7, 2024, regarding its holdings in Pyxis Tankers Inc. The filing indicates a change in the beneficial ownership of Pyxis Tankers Inc. common stock, though specific new ownership percentages or dollar amounts are not detailed in this excerpt.

Why It Matters

This filing signals a potential shift in control or significant investment activity in Pyxis Tankers Inc., which could impact its stock price and strategic direction.

Risk Assessment

Risk Level: medium — Changes in beneficial ownership filings can indicate significant investor activity, potentially leading to volatility.

Key Players & Entities

• Maritime Investors Corp. (company) — Filing entity
• Pyxis Tankers Inc. (company) — Subject company
• Keith J. Billotti, Esq. (person) — Contact person for legal counsel
• Seward & Kissel LLP (company) — Legal counsel

FAQ

Key Financial Figures

• $0.001 — INC. (Name of Issuer) COMMON STOCK, $0.001 PAR VALUE (Title of Class of Securiti
• $1.00 — th the objective of meeting the minimum $1.00 per share requirement for maintaining t
• $5.60 — by the holder, at a conversion price of $5.60 per Share or 5.435 Shares for each Seri

Filing Documents

• formsc13da.htm (SC 13D/A) — 71KB
• 0001493152-24-009296.txt ( ) — 73KB

From the Filing

SC 13D/A 1 formsc13da.htm UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 13D Under the Securities Exchange Act of 1934 (Amendment No. 8)* PYXIS TANKERS INC. (Name of Issuer) COMMON STOCK, $0.001 PAR VALUE (Title of Class of Securities) Y71726130 (CUSIP Number) c/o Pyxis Maritime Corp. K. Karamanli 59 Maroussi 15125, Greece +30-210-638-0200 Attn: President with a copy to: Keith J. Billotti, Esq. Seward & Kissel LLP One Battery Park Plaza New York, New York 10004 +1 (212) 574-1200 (Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications) March 5, 2024 (Date of Event which Requires Filing of this Statement) If the filing person has previously filed a statement on Schedule 13G to report the acquisition that is the subject of this Schedule 13D, and is filing this schedule because of §§240.13d-l(e), 240.13d-l(f) or 240.13d-1(g), check the following box. [ ] Note: Schedules filed in paper format shall include a signed original and five copies of the schedule, including all exhibits. See §240.13d-7 for other parties to whom copies are to be sent. * 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 disclosures provided in a prior cover page. The information required on 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. Y71726130 1 Name of Reporting Person; S.S. or I.R.S. Identification No. of Above Person (entities only) Maritime Investors Corp. 2 Check the Appropriate Box if a Member of a Group (a) [ ] (b) [ ] 3 SEC Use Only 4 Source of Funds: WC 5 Check if Disclosure of Legal Proceedings is Required Pursuant to Items 2(d) or 2(e) [ ] 6 Citizenship or Place of Organization: Republic of the Marshall Islands NUMBER OF SHARES BENEFICIALLY OWNED BY REPORTING PERSON WITH 7 Sole Voting Power: 0 8 Shared Voting Power: 5,796,694 (1) 9 Sole Dispositive Power: 0 10 Shared Dispositive Power: 5,796,694 (1) 11 Aggregate Amount Beneficially Owned by Reporting Person: 5,796,694 (1) 12 Check if the Aggregate Amount in Row 11 Excludes Certain Shares (See Instructions) [ ] 13 Percent of Class Represented by Amount In Row 11 54.8 % * 14 Type of Reporting Person: CO (1) The Reporting Person owns 5,796,694 common shares of Pyxis Tankers Inc. (the “Shares”) consisting of: (i) 5,729,730 Shares owned by MIC, and (ii) 66,964 Shares, which is the number of Shares into which 15,000 Series A Convertible Preferred Shares, par value $0.001 per share (the “Series A Preferred Shares”), owned by MIC, are convertible into at the Reporting Person’s option. * Based of 10,572,936, which consists of (i) 10,505,972 common shares of Pyxis Tankers Inc. (the “Shares”) issued and outstanding as of March 7, 2024 and (ii) 66,964 Shares, which is the number of Shares into which 15,000 Series A Preferred Shares owned by the Reporting Person as of March 7, 2024, are convertible into at the Reporting Person’s option, as computed in accordance with Rule 13d-3(d)(1). CUSIP NO. Y71726130 1 Name of Reporting Person; S.S. or I.R.S. Identification No. of Above Person (entities only) Valentios Valentis 2 Check the Appropriate Box if a Member of a Group (a) [ ] (b) [ ] 3 SEC Use Only 4 Source of Funds: Not applicable 5 Check if Disclosure of Legal Proceedings is Required Pursuant to Items 2(d) or 2(e) [ ] 6 Citizenship or Place of Organization: Greece NUMBER OF SHARES BENEFICIALLY OWNED BY REPORTING PERSON WITH 7 Sole Voting Power: 8 Shared Voting Power: 5,796,694 (2) * 9 Sole Dispositive Power: 10 Shared Dispositive Power: 5,796,694 (2) * 11 Aggregate Amount Beneficially Owned by Reporting Person: 5,796,694 (2) * 12 Check if the Aggregate Amount in Row 11 Excludes Certain Shares (See Instructions) [ ] 13 Percent of Class Represented by Amount In Row 11 54.8 %** 14 Type of Reporting Person: IN (2) The Reporting Person may be deemed to beneficially own 5,796,694 Shares consisting of: (i) 5,729,730 Shares owned by MIC, and (ii) 66,964 Shares, which is the number of Shares into which 15,000 Series A Preferred Shares, owned by MIC, are convertible into at the Reporting Person’s option. ** Based on 10,572,936, which consists of (i) 10,505,972 common shares of Pyxis Tankers Inc. (the “Shares”) issued and outstanding as of March 7, 2024 and (ii) 66,964 Shares, which is th