Maritime Investors Corp. Amends Pyxis Tankers Stake

Ticker: PXS · Form: SC 13D/A · Filed: 2024-08-08T00:00:00.000Z

Sentiment: neutral

Topics: ownership-change, sec-filing, amendment

Related Tickers: PYXS

TL;DR

Maritime Investors Corp. just updated its Pyxis Tankers (PYXS) filing - ownership change incoming.

AI Summary

Maritime Investors Corp. filed an amendment (No. 9) to its Schedule 13D on August 8, 2024, regarding its holdings in Pyxis Tankers Inc. The filing indicates a change in the reporting person's beneficial ownership, though specific details on the percentage change or dollar amounts are not immediately available in this excerpt. The filing pertains to Pyxis Tankers Inc., a company involved in the deep sea foreign transportation of freight.

Why It Matters

This amendment signals a potential shift in the ownership structure or strategy of Pyxis Tankers Inc., which could impact its stock performance and future business decisions.

Risk Assessment

Risk Level: medium — Schedule 13D filings often indicate significant stake changes, which can lead to increased volatility and uncertainty for the company's stock.

Key Players & Entities

FAQ

What specific changes in beneficial ownership are detailed in Amendment No. 9?

The provided excerpt states it is an amendment to Schedule 13D and indicates a change in the reporting person's beneficial ownership, but the specific details of the change (e.g., number of shares, percentage) are not included in this text.

When was this amendment filed with the SEC?

This amendment was filed on August 8, 2024.

Who is the subject company of this filing?

The subject company is Pyxis Tankers Inc.

Who is the entity making the filing?

The entity making the filing is Maritime Investors Corp.

What is the business of Pyxis Tankers Inc. according to the filing?

Pyxis Tankers Inc. is involved in the 'DEEP SEA FOREIGN TRANSPORTATION OF FREIGHT'.

Filing Stats: 2,166 words · 9 min read · ~7 pages · Grade level 9.8 · Accepted 2024-08-08 06:08:28

Key Financial Figures

Filing Documents

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. 9)* 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) August 7, 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: 6,047,958 (1) 9 Sole Dispositive Power: 0 10 Shared Dispositive Power: 6,047,958 (1) 11 Aggregate Amount Beneficially Owned by Reporting Person: 6,047,958 (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 56.1% * 14 Type of Reporting Person: CO (1) The Reporting Person owns 6,047,958 shares of common stock, par value $0.001 per share, of Pyxis Tankers Inc. (the “ Shares ”) consisting of: (i) 5,997,587 Shares owned by Maritime Investors Corp. (“ MIC ”), and (ii) 50,371 Shares, which is the number of Shares into which 11,283 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 10,774,318, which consists of (i) 10,723,947 Shares issued and outstanding as of August 5, 2024 and (ii) 50,371 Shares, which is the number of Shares into which 11,283 Series A Preferred Shares owned by the Reporting Person as of August 5, 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: 6,047,958 (2) 9 Sole Dispositive Power: 10 Shared Dispositive Power: 6,047,958 (2) 11 Aggregate Amount Beneficially Owned by Reporting Person: 6,047,958 (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 56.1 %** 14 Type of Reporting Person: IN (2) The Reporting Person may be deemed to beneficially own 6,047,958 Shares consisting of: (i) 5,997,587 Shares owned by MIC, and (ii) 50,371 Shares, which is the number of Shares into which 11,283 Series A Preferred Shares, owned by MIC, are convertible into at the Reporting Person’s option. ** Based on 10,774,318, which consists of (i) 10,723,947 Shares issued and outstanding as of August 5, 2024 and (ii) 50,371 Shares, which is the number of Shares into which

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