Pyxis Tankers Acquires Remaining 40% Interest in Dry Bulk Vessel Ormi

Key Facts

1Pyxis Tankers entered an agreement to acquire the remaining 40% non-controlling interest in the entity owning the dry bulk vessel Ormi.

2The transaction is expected to be immediately accretive and will result in Pyxis owning 100% of the vessel-owning entity.

Pyxis Tankers entered an agreement to acquire the remaining 40% non-controlling interest in the entity owning the dry bulk vessel Ormi, GlobeNewswire reported. The transaction is expected to be immediately accretive to earnings and will result in Pyxis owning 100% of the vessel-owning entity, effectively simplifying the company's corporate structure.

The move consolidates ownership of the 2016 Japanese-built vessel Ormi under the company's full control. In market activity, PXS stock closed at $7.73 on October 12, 2026, having reached a day high of $8.2 and a low of $7.51 during that session.