Company: DSX-PB
Filing Date: 2025-03-21
Form Type: 20-F
Source: 0001562762-25-000050
Chunk: 325

Company: DIANA SHIPPING INC.
Filing Date: 2025-03-21
Form: 20-F
Item: Item 19
Chunk 325
---
’s shares

on the

date

of delivery

of each
vessel, which was also the date of issuance of such shares.

DIANA SHIPPING INC.

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

December 31, 2024

(Expressed in thousands of U. S. Dollars - except share, per share

data, unless otherwise stated)

F-37

17.

Subsequent Events
a)

Repurchase

of

common

stock
:
On

January

7,

2025,

the

tender

offer

which

had

commenced

in
December 2024 (Note 11)

was settled and the

Company purchased a total

of
11,442,645
shares of
common stock for an aggregate amount of $
22,885.
b)

Exercise of

warrants
:
From January

1, 2025

until March

21, 2025,

the Company

issued
7,101
shares
of common stock, resulting to $
17
of proceeds from the exercise of
4,352
warrants.
c)
Series B Preferred Stock Dividends
: On January 15, 2025, the Company paid a quarterly

dividend
on its series B preferred stock, amounting to $
0.5546875
per share, or $
1,442, to its stockholders of
record as of January 14, 2025.
d)
Sale of Vessel Alcmene:
On February 10, 2025, the Company, through a wholly owned subsidiary,
entered into an

agreement with an

unrelated third party to

sell the vessel

Alcmene. The vessel

was
delivered to the new owners on March 13, 2025. The Company expects to have a gain from the sale
of the vessel.
e)
Restricted share

awards:
On February

25, 2025, the

Company’s Board of

Directors approved the
award of
2,000,000
shares of restricted common stock to executive management and non-executive
directors, pursuant to

the Company’s amended plan,

as annual bonus.

The fair value of

the restricted
shares based

on the

closing price

on the

date of

the Board

of Directors’

approval was

$
3,680. The
cost of these awards

will be recognized

ratably over the restricted

shares vesting period which