secwatch.observer — SEC 8-K summary
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Issuer:     International Seaways, Inc. (INSW)
CIK:        0001679049
Form:       8-K
Filed at:   2024-05-09T23:59:59+00:00
Accession:  0001104659-24-059393
Event type: m_and_a
Sentiment:  neutral
Materiality: 0.60
Item codes: 3.02, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

International Seaways closes on two MR product carriers; issues 210,130 shares
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- Acquired two 2014/2015-built MR Product Carriers on May 7 and May 9, 2024.
- Consideration paid in cash and 210,130 shares of common stock to Wayzata Opportunities Fund III.
- Shares issued as private placement under Section 4(a)(2) and later registered for resale via S-3.
- Part of previously announced $232M acquisition of six vessels; remaining four expected by Q2 2024 end.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1679049/000110465924059393/0001104659-24-059393-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1679049/000110465924059393/tm2413967d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-24-059393

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer