Company: DSX-PB
Filing Date: 2025-03-21
Form Type: 20-F
Source: 0001562762-25-000050
Chunk: 65

Company: DIANA SHIPPING INC.
Filing Date: 2025-03-21
Form: 20-F
Item: Item 3
Chunk 65
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Through her beneficial ownership of common shares

and shares of Series

C

Preferred

Stock

and

Series

D

Preferred

Stock,

Mrs.

Paliou

controls

36%

of

the

vote

of

any

matter

submitted to the vote

of the common shareholders.

Please see "Item 7.

Major Shareholders and Related

Party Transactions - A. Major

Shareholders." While Mrs. Paliou and the entities

controlled by Mrs. Paliou

have no

agreement, arrangement

or understanding

relating to

the voting

of their

shares of

our common

stock, they

are able

to influence

the outcome

of matters

on which

our shareholders

are entitled

to vote,

including the election of directors and other significant corporate actions. This concentration of ownership

may

have

the

effect

of

delaying,

deferring

or

preventing

a

change

in

control,

merger,

consolidation,

takeover or other

business combination.

This concentration of

ownership could

also discourage a

potential

acquirer from

making a

tender offer or

otherwise attempting

to obtain

control of

us, which

could in

turn have

an adverse effect

on the market

price of our

shares. So long

as our

Chief Executive Officer

continues to

own a significant amount

of our equity,

even though the amount

held by her represents

less than 50% of

our voting power,

she will continue to

be able to exercise

considerable influence over our

decisions. The

interests of these shareholders may be different from your interests.

Future sales of our common stock could cause the market price

of our common stock to decline.

Our amended

and restated

articles of

incorporation authorize

us to

issue up

to 1,000,000,000

shares of

common stock, of which, as

of December 31, 2024, 125,203,405

shares were outstanding. The

number of

shares of

common stock available

for sale

in the public

market is limited

by restrictions applicable

under

securities laws

and agreements

that we

and our

executive officers,

directors and

principal shareholders

have entered into.

Sales of a substantial

number of shares of our

common stock in the public

market, or the perception