International Seaways amends poison pill: purchase price to $95, expiry extended to 2029

International Seaways, Inc.

Second Amended & Restated Rights Agreement extends Final Expiration Date from April 10, 2026 to April 8, 2029.
Purchase Price increased from $50 to $95 per share; 20% beneficial ownership threshold unchanged.
Famatown Finance Limited holds ~15.8% of INSW common stock as of filing date.
Board acted in response to rapid stock accumulation by Famatown, an affiliate of a company competitor.
Qualifying offer exception preserved: fully financed tender/open offer for all shares held open 90 business days.

item 1.01 item 3.03 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Equity Issuances SEC 8-K Item 3.02/3.03 confidence 0.9

International Seaways, Inc. issued option.

Security: option

Exact text from the filing

On April 9, 2026, International Seaways, Inc. (the “Company”) amended and restated the Amended and Restated Rights Agreement, dated as of April 11, 2023, by and between the Company and Computershare Trust Company, N.A., as rights agent, to extend the “Final Expiration Date” to April 8, 2029 and increase the “Purchase Price” from $50 to $95.

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Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

International Seaways, Inc. amended Second A&R Rights Agreement with Computershare Trust Company, N.A. (effective 2026-04-09).

Action: amendment
Counterparty: Computershare Trust Company, N.A.
Effective: 2026-04-09

Exact text from the filing

On April 9, 2026, International Seaways, Inc. (the “Company”) amended and restated the Amended and Restated Rights Agreement, dated as of April 11, 2023, by and between the Company and Computershare Trust Company, N.A., as rights agent, to extend the “Final Expiration Date” to April 8, 2029 and increase the “Purchase Price” from $50 to $95.

View on SEC.gov

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International Seaways, Inc. filing history →

Source: SEC EDGAR

accession 0001104659-26-041552

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