Report of Foreign Issuer (6-k)
December 08 2017 - 04:16PM
Edgar (US Regulatory)
UNITED
STATES
SECURITIES
AND EXCHANGE COMMISSION
Washington,
D.C. 20549
FORM
6-K
REPORT
OF FOREIGN PRIVATE ISSUER
PURSUANT
TO RULE 13a-16 OR 15d-16 UNDER
THE
SECURITIES EXCHANGE ACT OF 1934
For
the month of: December 2017
Commission
File Number: 1-37611
Pyxis
Tankers Inc.
59
K. Karamanli Street
Maroussi
15125 Greece
+30
210 638 0200
(Address
of registrant’s principal executive offices)
Indicate
by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F.
Form
20-F
|
[X]
|
Form
40-F
|
[ ]
|
Indicate
by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(1):___
Indicate
by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(7):___
On
December 6, 2017, Pyxis Tankers Inc. (the “Company”) entered into a Securities Purchase Agreement (the “Purchase
Agreement”) with certain accredited investors (the “Investors”), pursuant to which the Company, in a private
placement, agreed to issue and sell to the Investors an aggregate of 2,400,000 shares of common stock (“Common Stock”)
of the Company, par value $0.001, at a price per share of $2.00 (the “Private Placement”).
As
a condition of the Purchase Agreement, the Company, Maritime Investors Corp. and each of the Company’s directors and executive
officers entered into lock-up agreements (the “Lock Up Agreements”) pursuant to which they may not, among other things,
offer or sell Common Stock until the earlier of (i) 30 days after Effective Date (as defined therein) and (ii) the disposition
by the Investors of all of the Common Stock they received in the Private Placement.
In
connection with the Private Placement, the Company also entered into a Registration Rights Agreement, dated December 6, 2017 (the
“Registration Rights Agreement”) with the Investors. Pursuant to the terms of the Registration Rights Agreement, the
Company is obligated to prepare and file with the Securities and Exchange Commission a registration statement to register for
resale the Registrable Securities (as defined therein) on or prior December 21, 2017.
The
foregoing descriptions of the material terms of the Purchase Agreement, Lock Up Agreements and Registration Rights Agreement are
qualified in their entirety by reference to the full text of the Purchase Agreement, Form of Lock Up Agreement and Registration
Rights Agreement, which are filed as Exhibits 10.1, 10.2 and 10.3, respectively, to this Report of Foreign Private Issuer on Form
6-K and incorporated herein by reference.
SIGNATURES
Pursuant
to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf
by the undersigned, thereunto duly authorized.
|
PYXIS
TANKERS INC.
|
|
|
|
By:
|
/s/
Henry Williams
|
|
Name:
|
Henry
Williams
|
|
Title:
|
Chief
Financial Officer
|
Date:
December 8, 2017
Exhibit
Index
Pyxis Tankers (NASDAQ:PXS)
Historical Stock Chart
From Feb 2024 to Mar 2024
Pyxis Tankers (NASDAQ:PXS)
Historical Stock Chart
From Mar 2023 to Mar 2024