---
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"
generated_at: "2026-05-28T22:45:15.286065+00:00"
event_type: "m_and_a"
sentiment: "neutral"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# Pangaea Logistics completes acquisition of 15 handy-size dry bulk vessels from SSI

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: m_and_a
- sentiment: neutral
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 2.01, 5.07, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000919574-24-007335
- JSON: https://secwatch.observer/filing/0000919574-24-007335.json
- Plain text: https://secwatch.observer/filing/0000919574-24-007335.txt

## Key facts
- M&A Transactions
  Pangaea Logistics Solutions Ltd. completed an acquisition involving Strategic Shipping Inc. for 18,059,342 shares of its common stock (closed 2024-12-30).
  - Action: acquisition
  - Counterparty: Strategic Shipping Inc.
  - Consideration: 18,059,342 shares of its common stock
  - Closing: 2024-12-30
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/1606909/000091957424007335/0000919574-24-007335-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.