Company: DSX-PB
Filing Date: 2025-03-21
Form Type: 20-F
Source: 0001562762-25-000050
Chunk: 72

Company: DIANA SHIPPING INC.
Filing Date: 2025-03-21
Form: 20-F
Item: Item 3
Chunk 72
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exercise of

the Warrants may

depress our

stock price.

As

of

December 31,

2024, we

have

issued 9.8

million shares

of common

stock

and we

could issue

up

to 26.5

million additional shares

of

common

stock

in

connection

with

the

exercise

of

the

Warrants.

The

issuances of

the shares

of common

stock upon

exercise of

the Warrants

and the

resale of

such shares

after their issuance,

or the perception that

such sales could occur,

could result in

downward pressure on

our

stock

price

and

could

impact

our

ability to

raise

capital

through the

sale

of

additional shares

in

the

future. See

“ Item 4. Information

on the

Company - A.

History and

development of

the Company - 

Warrant

Distribution" for a more detailed discussion of our Warrants.

Item 4.

Information on the Company

A.

History and development of the Company

Diana Shipping Inc. is a holding company

incorporated under the laws of Liberia in

March 1999 as Diana

Shipping

Investments

Corp.

In

February

2005,

the

Company’s

articles

of

incorporation

were

amended.

Under the amended

and restated articles

of incorporation, the

Company was

renamed Diana Shipping

Inc.

and was re-domiciled from the Republic

of Liberia to the Republic of

the Marshall Islands.

Our executive

offices

are located

at Pendelis

16,

175 64

Palaio Faliro,

Athens, Greece.

Our telephone

number at

this

address is +30-210-947-0100. Our agent and authorized representative in the United States is our wholly

owned

subsidiary,

Bulk

Carriers

(USA)

LLC,

established in

September

2006,

in

the

State

of

Delaware,

which is located

at 2711 Centerville Road, Suite

400, Wilmington, Delaware

19808. The SEC

maintains an

Internet

site

that

contains

reports,

proxy

and

information

statements,

and

other

information

regarding

issuers that file electronically with

the SEC. The address