Company: DSX-PB
Filing Date: 2025-09-15
Form Type: 6-K
Source: 0001562762-25-000232
Chunk: 32

Company: DIANA SHIPPING INC.
Filing Date: 2025-09-15
Form: 6-K
Chunk 32
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agreedto contribute$ 18,464 ,being 80 %equityinterestfortheconstructionofthe two vessels.AsofJune30, 2025, theinvestment inEcogas amountedto $ 7,508 , representingpart ofits equityparticipation tofund the construction of the vessels and working capital. 4.Investments in related parties and other a)OceanPal Inc., orOceanPal: As of June30, 2025 andDecember 31, 2024,the Company isthe holderof 500,000 SeriesBPreferredSharesand 207 SeriesCConvertiblePreferredSharesof OceanPal and 3,649,474 common shares, being 49 % of OceanPal’s common stock. SeriesBpreferredsharesentitletheholderto 2,000 votesonallmatterssubmittedtoavoteofthe stockholders of theCompany,provided however,that the totalnumber of votesshall not exceed 34 % of thetotalnumberofvotes,providedfurther,thatthetotalnumberofvotesentitledtovote,including common stock or anyother voting security,would not exceed 49 % of the totalnumber of votes. Series B Preferred Shares have no dividend or distribution rights. SeriesCpreferredsharesdonothavevotingrightsunlessrelatedtoamendmentsoftheArticlesof Incorporation that adversely alterthe preference, powers orrights of theSeries C PreferredShares or to issueParityStockorcreateorissueSeniorStock.SeriesCpreferredshareshavealiquidation preference equal tothe stated valueof $ 1,000 and are convertibleinto common stockat the Company’s option commencing upon thefirst anniversary of theissue date, at aconversion price equal tothe lesser of$ 6.5 andthe 10 -tradingdaytrailingVWAPofOceanPal’scommonshares,subjecttoadjustments. Dividends oneach shareof SeriesC PreferredShares arecumulative andaccrue atthe rateof 8 % per annum. Dividends are payable in cash or, at OceanPal’s election, in kind. AsofJune30,2025andDecember31,2024,theCompany’sinvestmentinthecommonstockof O ceanPalamountedto$ 6,715 and$ 4,235 ,respectively,beingthefairvalueofOceanPal’scommon

DIANA SHIPPING INC.

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

June 30, 2025

(Expressed