Benzinga | Feb 17, 2021 09:29AM EST

Pyxis Tankers Announces $25M Private Placement of Common Stock At $1.75/Share

MAROUSSI, GREECE, February 17, 2021 - Pyxis Tankers Inc. (NASDAQ:PXS), (the "Company" or "Pyxis Tankers"), an emerging growth pure play product tanker company, today announced that it has entered into definitive securities purchase agreements with a group of investors, which will result in gross proceeds to Pyxis Tankers of $25.0 million, before deducting placement offering expenses. Pyxis Tankers will issue 14,285,715 shares of common stock at a price of $1.75 per share. This private placement is expected to close on or before February 19, 2021, subject to customary closing conditions.