Company: DSX-PB
Filing Date: 2025-03-21
Form Type: 20-F
Source: 0001562762-25-000050
Chunk: 75

Company: DIANA SHIPPING INC.
Filing Date: 2025-03-21
Form: 20-F
Item: Item 4
Chunk 75
---
 to

place

orders for two additional CSOVs.

43

On March 12, 2025,

we entered into a

joint venture agreement with

Ecogas Holding AS,

pursuant to which

we agreed to contribute $18.5 million, being 80.0%

interests of two LPG newbuilding

vessels with delivery

in 2027 and with the option for two more.

Tender offer

In

December 2024,

we

announced

the

commencement of

a

tender

offer

to

purchase

up

to

15,000,000

shares,

or

about

12.0%,

of

our

outstanding

common

stock

using

funds

available

from

cash

and

cash

equivalents

at

a

price

of

$2.00

per

share.

The

tender

offer

was

settled

on

January

7,

2025

and

we

purchased a total of 11,442,645 shares of common stock for an aggregate amount of $22.9 million.

Stockholders’ Rights Agreement

On

February 2,

2024,

we

entered

into

an

Amended

and

Restated Stockholders

Rights

Agreement (the

“ Rights Agreement”)

with Computershare

Trust Company, N. A., as Rights

Agent, to amend

and restate

the

Stockholders Rights Agreement, dated January 15, 2016 which, among other things,

amends the original

rights agreement to extend the expiration date of the Rights Agreement

to February 1, 2034.

Equity Distribution Agreement

On September 9,

2024, we

entered into Amendment

No. 2 to

the Equity Distribution

Agreement dated

April

23, 2021, and amended July 9, 2021, between Maxim and the Company.

Dividends

On March

12, 2024,

we paid

a cash

dividend of

$0.075 per

share, or

$9.0 million,

to all

shareholders of

record as of March 5, 2024.

On June 18, 2024, we paid a cash dividend of $0.075 per share, or $9.4 million,

to shareholders of record

as of June 12,