© Reuters.
NEWPORT, RI – Pangea Logistics Solutions Ltd. (NASDAQ: NASDAQ:), a global maritime logistics provider, today announced the renewal of its registration statement with the Securities and Exchange Commission (SEC). This renewal follows the expiration of the company's previous registration on January 28, 2024.
The shelf registration statement, which is pending effectivity from the SEC, allows Pangea to offer and sell securities in the future, although the timing, size and terms of such offerings have not been disclosed. The company emphasized that the renewal does not constitute an immediate sale of securities and that any future offering would be made through a prospectus and accompanying supplement.
Pangea Logistics Solutions operates in the dry bulk transportation sector and provides transportation of various cargoes, such as grain, iron ore and limestone. The company's services include cargo loading and unloading, vessel chartering and voyage planning.
Renewal of shelf registration is a common financial practice that provides companies flexibility to access capital markets efficiently. However, the company's press release contains forward-looking statements that are based on current expectations and involve risks and uncertainties. These statements are not guarantees of future performance and are subject to change.
This update is based on a press release from Pangea Logistics Solutions Ltd. The company has cautioned that forward-looking statements are subject to various risk factors, including market conditions, operating expenses and regulatory changes, which could cause the actual results differ. than expected.
Investors and interested parties are advised to follow the company's filings with the SEC for more details regarding the shelf registration and potential future securities offerings.
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