Pangaea Logistics Completes Merger, Fleet Combination

MT Newswires Live

2025/01/07

Pangaea Logistics Solutions (PANL) said Monday it has completed its merger, combining its dry-bulk fleet with 15 handy-size dry bulk vessels owned by Strategic Shipping.

As part of the transaction, Pangaea issued about 18.1 million shares to Strategic Shipping, representing some 27.6% of the company's total shares.

Price: 5.55, Change: -0.05, Percent Change: -0.89

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