Company: DSX-PB
Filing Date: 2025-03-21
Form Type: 20-F
Source: 0001562762-25-000050
Chunk: 78

Company: DIANA SHIPPING INC.
Filing Date: 2025-03-21
Form: 20-F
Item: Item 4
Chunk 78
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 Company will

make a public announcement

of the Bonus Share

Expiration Date

(i) at least

20 business

days prior

to such date,

in the

case of the

Company setting

a Bonus

Share Expiration Date

and (ii)

prior to market

open on the

Bonus Share Expiration

Date in the

case of

a

Bonus Price Condition.

Unless earlier redeemed, the Warrants will expire

and cease to be exercisable at

5:00 p. m. New York City

time on December 14, 2026 (the “ Expiration Date”).

In connection with the Warrant distribution, we filed a prospectus

supplement, dated December 14, 2023,

pursuant to a shelf registration statement

on Form F-3 declared effective

on July 9, 2021, registering

up to

33,919,605 shares of common stock to be issued upon

exercise of the Warrants under the

Securities Act

of

1933, as

amended.

The

shelf

registration

statement on

Form

F-3

declared

effective

on

July

9,

2021

expired

and

the

Warrant

distribution

is

now

being

offered

pursuant

to

our

existing

shelf

registration

statement on Form F-3 declared effective on September 9, 2024.

The

Warrants

commenced

trading

on

the

New

York

Stock

Exchange

under

the

ticker

“ DSX

WS”

on

December 14, 2023.

As of

the date

of this

annual report,

out of

the 22,613,070

Warrants distributed

in this

transaction, 6,397,117

Warrants have been exercised and 9,844,781 common shares have been issued.

Appointment of new Co-Chief Financial Officer

Effective January

17, 2025,

we appointed

Ms. Maria

Dede as

the Company’s

Co-Chief Financial

Officer

(Operations Finance). Mr. Ioannis Zafirakis, the

Company’s current Chief Financial

Officer, will continue to

serve in the Co-Chief Financial Officer (Strategic Finance) position with

Ms. Dede.

45

Vessels under construction

In February

2024, we

signed an

agreement