{"schema_version":"secwatch.filing_event.v1","accession":"0001606909-24-000120","form_type":"8-K","ticker":"PANL","cik":"0001606909","company_name":"Pangaea Logistics Solutions Ltd.","filed_at":"2024-11-13T23:59:59+00:00","discovered_at":"2026-05-14T18:03:08.954380+00:00","generated_at":"2026-05-30T00:56:19.011030+00:00","sec_items":["2.02","9.01"],"event_type":"earnings","sentiment":"negative","materiality_score":0.8,"calibrated_materiality_score":0.8,"confidence":"high","headline":"Pangaea Q3 net income $5.1M ($0.11/share); merger of 15 vessels from MTM by year-end","bullets":["GAAP net income $5.1M ($0.11 diluted) vs $18.9M ($0.42) YoY; adjusted net income $11.1M ($0.24).","Total revenue $153.1M, +13% YoY; TCE $16,324/day, +4% and 19% above Baltic indices.","Adj. EBITDA $23.9M, -14.2%; margin 15.6% vs 20.6% on higher voyage/charter costs.","Board declared $0.10/share quarterly dividend, payable Dec 13 to holders of record Nov 29.","Agreement to merge 15 dry bulk vessels from MTM in all-stock deal, expected close by year-end pending shareholder approval."],"urls":{"canonical":"https://secwatch.observer/filing/0001606909-24-000120","json":"https://secwatch.observer/filing/0001606909-24-000120.json","markdown":"https://secwatch.observer/filing/0001606909-24-000120.md","text":"https://secwatch.observer/filing/0001606909-24-000120.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1606909/000160690924000120/0001606909-24-000120-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1606909/000160690924000120/panl-20241112.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-30T00:56:19.011030+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"}