Company: DSX-PB
Filing Date: 2025-03-21
Form Type: 20-F
Source: 0001562762-25-000050
Chunk: 2

Company: DIANA SHIPPING INC.
Filing Date: 2025-03-21
Form: 20-F
Item: Item 3
Chunk 2
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 to economic substance requirements, which could impact

our business.

●

Certain

existing

shareholders

will

be

able

to

exert

considerable

control

over

matters

on

which our shareholders are entitled to vote.

●

Our Series B Preferred Shares are senior obligations of ours and rank prior to our common

shares with respect to dividends,

distributions and payments upon

liquidation, which could

have an adverse effect on the value of our common shares.

Risks Relating to Our Series B Preferred Stock

●

We may not

have sufficient cash from

our operations to enable us

to pay dividends on

our

Series B Preferred Shares following the payment of expenses and the establishment of any

reserves.

●

Our Series

B Preferred

Shares are

subordinate to

our indebtedness,

and your

interests could

be

diluted

by

the

issuance

of

additional

preferred

shares,

including

additional

Series

B

Preferred Shares, and by other transactions.

●

We

may

redeem

the

Series

B

Preferred

Shares,

and

you

may

not

be

able

to

reinvest

the

redemption price you receive in a similar security.

Risks Relating to Our Outstanding Warrants

●

The

issuance

of

our

common

stock

upon

the

exercise

of

our

Warrants

may

depress

our

stock price.

Some

of

the

following

risks

relate

principally

to

the

industry

in

which

we

operate

and

our

business

in

general. Other

risks relate

principally to

the securities

market and ownership

of our securities,

including our

common

stock, outstanding

warrants and

our

Series B

Preferred Shares.

The occurrence

of

any of

the

events described in this section

could significantly and negatively affect

our business, financial condition,

operating

results,

cash

available

for

the

payment

of

dividends

on

our

shares

and

interest

on

our

loan

facilities and bond, or the trading price of our securities.

Industry Specific Risk Factors

Charter

hire

rates

for

dry

bulk

vessels

are

volatile

and

have

fluctuated