---
schema_version: "secwatch.filing_event.v1"
accession: "0001606909-24-000052"
form_type: "8-K"
ticker: "PANL"
cik: "0001606909"
company_name: "Pangaea Logistics Solutions Ltd."
filed_at: "2024-03-15T23:59:59+00:00"
generated_at: "2026-06-04T17:17:57.357278+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.55
calibrated_materiality_score: 0.55
confidence: "high"
source: SEC EDGAR
---

# Pangaea Logistics files $25M shelf, enters ATM sale agreement with B. Riley et al.

## Summary
- Entered At Market Issuance Sales Agreement with B. Riley, Fearnley, and A.G.P. for up to $25M in common stock.
- Shelf registration statement filed March 14, 2024, replacing expired shelf (Jan 28, 2024); not yet effective.
- Sales agents will receive up to 3.0% commission on gross proceeds; Company to reimburse certain expenses.
- Proceeds from at-the-market offering to be used for general corporate purposes.

## SEC filing metadata
- accession: 0001606909-24-000052
- form_type: 8-K
- ticker: PANL
- cik: 0001606909
- company_name: Pangaea Logistics Solutions Ltd.
- filed_at: 2024-03-15T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.55
- calibrated_materiality_score: 0.55
- confidence: high
- sec_items: 1.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1606909/000160690924000052/0001606909-24-000052-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1606909/000160690924000052/panl-20240314.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001606909-24-000052
- JSON: https://secwatch.observer/filing/0001606909-24-000052.json
- Plain text: https://secwatch.observer/filing/0001606909-24-000052.txt

## Key facts
- Material Agreements
  Pangaea Logistics Solutions Ltd. entered into At Market Issuance Sales Agreement with B. Riley Securities, Inc., Fearnley Securities, Inc. and A.G.P./Alliance Global Partners valued at up to $25,000,000 (effective 2024-03-14).
  - Action: entry
  - Agreement: atm program
  - Counterparty: B. Riley Securities, Inc., Fearnley Securities, Inc. and A.G.P./Alliance Global Partners
  - Value: up to $25,000,000
  - Effective: 2024-03-14
  source text: On March 14, 2024, Pangaea Logistics Solutions Ltd. (the “Company”) entered into an at market issuance sales agreement (the “At Market Issuance Sales Agreement”) with B. Riley Securities, Inc., Fearnley Securities, Inc. and A.G.P./Alliance Global Partners as sales agents (each, a “Sales Agent” and collectively, the “Sales Agents”), to sell shares of common stock, par value $0.0001 per share, of the Company (the “Common Stock”) having aggregate sales proceeds of up to $25,000,000
  evidence_url: https://www.sec.gov/Archives/edgar/data/1606909/000160690924000052/0001606909-24-000052-index.htm

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