While I was aware of Pyxis Tankers (PXS) decision to diversify into dry bulk, I was not aware of its Sept 2024 move. The company has announced plans to redeem its remaining convertible preferred shares.
https://feeds.issuerdirect.com/news-release.html?newsid=6994040624708512
Other items include common shares re-purchases totaling $0.3M and charter coverage for Q3 2024.
Pyxis is a small shipping company - 6 ECO vessels (3 tankers, 3 dry bulk vessels). Not a major fan of the diversification into dry bulk. Two of the dry bulk vessels are actually joint ventures with an entity related to the CEO. While the dry bulk vessels are ECO, I’m not sure there’s that much of a price differential to a non-ECO bulker (That’s not the case with tankers)