Company: DSX-PB
Filing Date: 2025-03-21
Form Type: 20-F
Source: 0001562762-25-000050
Chunk: 203

Company: DIANA SHIPPING INC.
Filing Date: 2025-03-21
Form: 20-F
Item: Item 9
Chunk 203
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 we

entered

into

an

Amended and

Restated Stockholders

Rights

Agreement with

Computershare

Trust

Company,

N. A.,

as

Rights

Agent,

to

amend

and

restate

the

Stockholders

Rights

Agreement, dated January 15, 2016.

Under the Amended

and Restated

Stockholders Rights

Agreement, we

declared a

dividend payable

of one

preferred

stock

purchase

right,

or

Right,

for

each

share

of

common

stock

outstanding

at

the

close

of

business

on

January 26,

2016.

Each Right

entitles the

registered

holder to

purchase from

us

one one-

thousandth of a share of Series

A participating preferred stock, par value $0.01

per share, at an exercise

price of $25.00 per share. The

Rights will separate from the common stock and

become exercisable only

if a person or

group acquires beneficial

ownership of 15% or

more of our common

stock (including through

entry

into

certain

derivative

positions)

in

a

transaction

not

approved

by

our

Board

of

Directors.

In

that

situation, each holder of a Right (other than the

acquiring person, whose Rights will become void and will

not be exercisable)

will have the

right to purchase,

upon payment

of the exercise

price, a number

of shares

of our

common stock having

a then-current market

value equal to

twice the

exercise price. In

addition, if

the Company

is acquired

in a

merger or

other business

combination after

an acquiring

person acquires

15% or more

of our common

stock, each holder

of the Right

will thereafter

have the right

to purchase, upon

payment of the

exercise price, a

number of shares

of common stock

of the acquiring

person having a

then-

current market value equal

to twice the exercise price.

The acquiring person

will not be entitled

to exercise

these Rights.

Under the Amended and Restated Stockholders Rights Agreement's terms, it will expire on

February 1, 2034. A copy of the

Amended and Rest