Pyxis Tankers raises $5m selling preferred shares, warrants

Pyxis Tankers has netted $5m with the sale of preferred share-warrants packages.

The Valentios Valentis-led, New York-listed product tanker owner said on Thursday that it had sold 200,000 units at $25 each, with buyers getting one preferred share and eight warrants convertible to common shares at $1.40 each.

The company said it expects to use $4.4m of the proceeds for general corporate purposes, including potential vessel acquisition and repayment of debt.