---
schema_version: "secwatch.filing_event.v1"
accession: "0001606909-25-000148"
form_type: "8-K"
ticker: "PANL"
cik: "0001606909"
company_name: "Pangaea Logistics Solutions Ltd."
filed_at: "2025-08-29T23:59:59+00:00"
generated_at: "2026-05-17T09:13:26.291476+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# Pangaea Logistics dismisses Grant Thornton, appoints Deloitte & Touche as new auditor

## Summary
- Audit committee completed competitive process; dismissed Grant Thornton effective August 27, 2025.
- No disagreements with former auditor on accounting principles or audit scope during 2023-2024.
- Previously disclosed material weakness in internal control over ASC 606 revenue recognition remains.
- Deloitte & Touche LLP engaged as independent auditor for fiscal year ending December 31, 2025.
- Former auditor letter submitted to SEC agrees with company's statements.

## SEC filing metadata
- accession: 0001606909-25-000148
- form_type: 8-K
- ticker: PANL
- cik: 0001606909
- company_name: Pangaea Logistics Solutions Ltd.
- filed_at: 2025-08-29T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 4.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1606909/000160690925000148/0001606909-25-000148-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1606909/000160690925000148/panl-20250827.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001606909-25-000148
- JSON: https://secwatch.observer/filing/0001606909-25-000148.json
- Plain text: https://secwatch.observer/filing/0001606909-25-000148.txt

## Key facts
- Auditor Changes
  Pangaea Logistics Solutions Ltd. dismissed Grant Thornton LLP as its auditor.
  - Action: dismissal
  - Auditor: Grant Thornton LLP
  - Successor: Deloitte & Touche LLP
  source text: Dismissal of Independent Registered Public Accounting Firm On August 27, 2025, the Audit Committee of the Board of Directors of Pangaea Logistics Solutions Ltd. (the “Company”) completed a competitive process to determine the Company’s independent registered public accounting firm for the fiscal year ending December 31, 2025. Following that process, on August 27, 2025, the Company informed Grant Thornton LLP (“Former Auditor”) of its dismissal as the Company’s independent registered public accounting firm, effective immediately.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1606909/000160690925000148/0001606909-25-000148-index.htm
- Auditor Changes
  Pangaea Logistics Solutions Ltd. engaged Deloitte & Touche LLP as its auditor.
  - Action: engagement
  - Auditor: Deloitte & Touche LLP
  source text: Engagement of New Independent Registered Public Accounting Firm Following the competitive process to determine the Company’s independent registered public accounting firm, on August 27, 2025, the Audit Committee approved the engagement of Deloitte & Touche LLP. (“New Auditor”) as the Company’s independent registered public accounting firm for the fiscal year ending December 31, 2025.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1606909/000160690925000148/0001606909-25-000148-index.htm

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