secwatch.observer — SEC 8-K summary
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Issuer:     International Seaways, Inc. (INSW)
CIK:        0001679049
Form:       8-K
Filed at:   2024-05-15T23:59:59+00:00
Accession:  0001104659-24-061988
Event type: m_and_a
Sentiment:  neutral
Materiality: 0.40
Item codes: 3.02, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

International Seaways acquires one MR Product Carrier, issues 102,677 shares in private placement
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- Acquired one of six previously announced MR Product Carriers; total consideration for all six is ~$232M (85% cash, 15% stock).
- Purchase paid with cash plus 102,677 shares of common stock issued as a private placement to an accredited investor under Section 4(a)(2).
- Shares subsequently registered for resale via Form S-3 (File No. 333-278975) with prospectus supplement dated May 15, 2024.
- Vessel deliveries expected by end of Q2 2024; closing conditions remain customary.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1679049/000110465924061988/0001104659-24-061988-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1679049/000110465924061988/tm2414534d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-24-061988

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