Report of Foreign Issuer (6-k)
January 02 2018 - 4:06PM
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: January 2018
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
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[X]
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Form
40-F
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[ ]
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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):___
This
Report of Foreign Private Issuer on Form 6-K is hereby incorporated by reference into the Registration Statement on Form F-3 (File
No. 333-222160) filed with the U.S. Securities and Exchange Commission on December 19, 2017.
Third
Amendment to Promissory Note
On
December 29, 2017, Pyxis Tankers Inc. (the “Company”) entered into a third amendment to the promissory note (the “Note”)
it issued in favor of Maritime Investors Corp. (“MIC”) on October 28, 2015 (the “Third Amendment”). The
Third Amendment (i) increases the outstanding principal balance of the Note from $2,500,000 to $5,000,000; (ii) extends the maturity
date to June 15, 2019; (iii) increases the fixed interest rate to 4% per annum payable quarterly in arrears; and (iv) makes such
interest payable only in cash.
In
exchange for entering into the Third Amendment, the Company reduced the outstanding balance due to Pyxis Maritime Corp.,
an affiliate of MIC, by $2,500,000.
The
foregoing description of the material terms of the Third Amendment is qualified in its entirety by reference to the full text
of the Third Amendment, which is filed as Exhibit 10.1 to this Report of Foreign Private Issuer on Form 6-K and incorporated herein
by reference.
Resignation
of Robert Ladd from Board of Directors
As
a result of the execution of the Company’s previously disclosed private placement with certain accredited investors in December
2017, the Company received a letter of resignation from Robert Ladd from the Board of Directors of the Company (the “Board”)
on January 2, 2018 pursuant to the terms of the Agreement and Plan of Merger dated as of April 23, 2015, as amended, by and among
Maritime Technologies Corp., LookSmart Ltd., LookSmart Group, Inc. and the Company. The Board does not currently intend to fill
the vacant seat.
Exhibit
Index
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.
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PYXIS
TANKERS INC.
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By:
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/s/
Henry Williams
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Name:
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Henry
Williams
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Title:
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Chief
Financial Officer
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Date:
January 2, 2018
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