{"schema_version":"secwatch.filing_event.v1","accession":"0001606909-24-000105","form_type":"8-K","ticker":"PANL","cik":"0001606909","company_name":"Pangaea Logistics Solutions Ltd.","filed_at":"2024-09-24T23:59:59+00:00","discovered_at":"2026-05-14T18:03:13.754732+00:00","generated_at":"2026-05-31T02:03:55.717975+00:00","sec_items":["1.01","3.02","7.01","9.01"],"event_type":"m_and_a","sentiment":"positive","materiality_score":0.85,"calibrated_materiality_score":0.85,"confidence":"high","headline":"Pangaea to acquire 15 dry bulk vessels from MTM in all-stock deal worth ~$295M","bullets":["Issuing ~19M shares (~29% pro forma) for 15 handy-size vessels valued at $295M, net of $102M debt = $193M NAV.","Adds 15 vessels, expanding owned fleet by 60% to 41; expected close Q4 2024, subject to shareholder approval.","SSI to designate Christina Tan (MTM CEO) and Gary Vogel (former Eagle Bulk CEO) to Pangaea board.","Transaction expected to be accretive; maintains leverage of ~34.6% and includes MTM dry bulk chartering team.","Cash consideration limited to working capital; Pangaea assumes current charter commitments of SSI fleet."],"urls":{"canonical":"https://secwatch.observer/filing/0001606909-24-000105","json":"https://secwatch.observer/filing/0001606909-24-000105.json","markdown":"https://secwatch.observer/filing/0001606909-24-000105.md","text":"https://secwatch.observer/filing/0001606909-24-000105.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1606909/000160690924000105/0001606909-24-000105-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1606909/000160690924000105/panl-20240923.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-31T02:03:55.717975+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}