{"schema_version":"secwatch.filing_event.v1","accession":"0000919574-24-007335","form_type":"8-K","ticker":"PANL","cik":"0001606909","company_name":"Pangaea Logistics Solutions Ltd.","filed_at":"2024-12-30T23:59:59+00:00","discovered_at":"2026-05-14T18:03:08.954774+00:00","generated_at":"2026-05-28T22:45:15.286065+00:00","sec_items":["2.01","5.07","9.01"],"event_type":"m_and_a","sentiment":"neutral","materiality_score":0.65,"calibrated_materiality_score":0.65,"confidence":"high","headline":"Pangaea Logistics completes acquisition of 15 handy-size dry bulk vessels from SSI","bullets":["Issued 18,059,342 shares to Strategic Shipping Inc.; total shares outstanding now 64,961,433.","Special meeting on Dec 30, 2024 approved issuance: 34,592,844 for, 194,197 against, 54,334 abstain.","Acquisition adds 15 handy-size dry bulk vessels to Pangaea's fleet.","Deal previously announced Sep 23, 2024; completion on Dec 30, 2024."],"urls":{"canonical":"https://secwatch.observer/filing/0000919574-24-007335","json":"https://secwatch.observer/filing/0000919574-24-007335.json","markdown":"https://secwatch.observer/filing/0000919574-24-007335.md","text":"https://secwatch.observer/filing/0000919574-24-007335.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1606909/000091957424007335/0000919574-24-007335-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1606909/000091957424007335/d11559631_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-28T22:45:15.286065+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"c759b4c0a8fd7aecff4d931bca487da120d9e6d0","claim":"Pangaea Logistics Solutions Ltd. completed an acquisition involving Strategic Shipping Inc. for 18,059,342 shares of its common stock (closed 2024-12-30).","evidence_excerpt":"Renaissance Holdings LLC, a wholly-owned subsidiary of SSI, and Renaissance Merger Sub LLC, a wholly-owned subsidiary of the Company, the Company issued to SSI an aggregate of 18,059,342 shares of its common stock. Following the consummation of the Transaction, the Company has a total of 64,961,433 shares of common stock issued and outstanding. For additional","evidence_source":"SEC 8-K Item 2.01/5.01","evidence_url":"https://www.sec.gov/Archives/edgar/data/1606909/000091957424007335/0000919574-24-007335-index.htm","confidence":0.9,"family_label":"M&A Transactions","details":[{"label":"Action","value":"acquisition"},{"label":"Counterparty","value":"Strategic Shipping Inc."},{"label":"Consideration","value":"18,059,342 shares of its common stock"},{"label":"Closing","value":"2024-12-30"}],"fact_type":"ma_transaction"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}