Company: DSX-PB
Filing Date: 2025-03-21
Form Type: 20-F
Source: 0001562762-25-000050
Chunk: 66

Company: DIANA SHIPPING INC.
Filing Date: 2025-03-21
Form: 20-F
Item: Item 3
Chunk 66
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 that

these

sales

could

occur,

may

depress the

market

price

for

our

common

stock.

These

sales

could

also

impair our ability to raise additional capital through the sale of our equity

securities in the future.

39

Anti-takeover

provisions

in

our

organizational

documents

could

make

it

difficult

for

our

shareholders to

replace or

remove our

current board

of directors

or have

the effect

of discouraging,

delaying or

preventing a

merger or

acquisition, which

could adversely

affect

the market

price of

our common stock.

Several provisions of our amended and

restated articles of incorporation and

bylaws could make it difficult

for our shareholders to change the composition of our board

of directors in any one year, preventing them

from changing the composition

of management. In

addition, the same

provisions may discourage,

delay or

prevent a merger or acquisition that shareholders may consider

favorable.

These provisions include:

●

authorizing

our board

of directors

to

issue “blank

check” preferred

stock without

shareholder

approval;

●

providing for a classified board of directors with staggered, three-year

terms;

●

prohibiting cumulative voting in the election of directors;

●

authorizing

the

removal of

directors

only for

cause and

only

upon

the

affirmative

vote

of

the

holders

of

a

majority

of

the

outstanding shares

of

our

common

stock

entitled

to

vote

for

the

directors;

●

prohibiting shareholder action by written consent;

●

limiting the persons who may call special meetings of shareholders;

and

●

establishing advance notice requirements for nominations for election to our board of directors

or for proposing matters that can be acted on by shareholders at shareholder

meetings.

In addition, we have adopted an Amended and Restated

Stockholders Rights Agreement, dated February

2,

2024, pursuant

to

which our

board of

directors may

cause the

substantial dilution

of

any person

that

attempts to acquire us without

the approval of our board

of directors. See “ Item 10.

Additional Information-

B.