Extracted from this filing and checked against the source text.
Material Agreements
SEC 8-K Item 1.01/1.02
confidence 0.9
Pangaea Logistics Solutions Ltd. entered into Cooperation Agreement with Strategic Shipping Inc. valued at Cooperation agreement providing for standstill restrictions and appointment of Paul M. Leand, Jr. as (effective 2025-11-26).
- Action
- entry
- Counterparty
- Strategic Shipping Inc.
- Value
- Cooperation agreement providing for standstill restrictions and appointment of Paul M. Leand, Jr. as
- Effective
- 2025-11-26
Exact text from the filing
Item 1.01 Entry into a Material Definitive Agreement. On November 26, 2025, Pangaea Logistics Solutions Ltd. (the “Company”) and Strategic Shipping Inc. (“SSI”) entered into a cooperation agreement (the “Agreement”) that provides for, among other terms, certain customary standstill restrictions during the period from the date of the Agreement until June 30, 2026. Pursuant to the Agreement, and upon the recommendation of the Nominating and ESG Committee of the Board of Directors of the Company (the “Board”), the Board agreed, among other things, to appoint Paul M. Leand, Jr. to serve as a Class III director on the Board, effective as of November 26, 2025, for a term expiring at the 2026 annual general meeting of shareholders of the Company (the “2026 Annual Meeting”). The Board also agreed to nominate Mr. Leand as a Class III director at the 2026 Annual Meeting. A copy of the Agreement is filed with this Current Report on Form 8-K and attached hereto as Exhibit 10.1 and incorporated by
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