{"schema_version":"secwatch.filing_event.v1","accession":"0001606909-25-000087","form_type":"8-K","ticker":"PANL","cik":"0001606909","company_name":"Pangaea Logistics Solutions Ltd.","filed_at":"2025-03-13T23:59:59+00:00","discovered_at":"2026-05-14T18:03:04.175806+00:00","generated_at":"2026-05-24T21:19:52.718673+00:00","sec_items":["2.02","9.01"],"event_type":"earnings","sentiment":"neutral","materiality_score":0.7,"calibrated_materiality_score":0.7,"confidence":"high","headline":"Pangaea Q4 net income $8.4M, adj EBITDA up 18%; Q1 TCE rate drops to $11,412/day","bullets":["Q4 net income $8.4M ($0.18 diluted) vs $1.1M YoY; adjusted net income $7.6M ($0.16 diluted).","Revenue $147.2M; TCE $15,942/day (down 10% YoY) but 48% above market indices.","Adjusted EBITDA $23.2M (up 18% YoY); margin improved to 16.4% from 14.9%.","Closed SSI acquisition of 15 vessels on Dec 30; fleet now 41 owned, total 62 vessels.","Q1 2025 to-date TCE $11,412/day (4,982 days) signals sharp rate decline from Q4."],"urls":{"canonical":"https://secwatch.observer/filing/0001606909-25-000087","json":"https://secwatch.observer/filing/0001606909-25-000087.json","markdown":"https://secwatch.observer/filing/0001606909-25-000087.md","text":"https://secwatch.observer/filing/0001606909-25-000087.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1606909/000160690925000087/0001606909-25-000087-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1606909/000160690925000087/panl-20250313.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-24T21:19:52.718673+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"}