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Stock impact report

SPHINX INVESTMENT CORP. ANNOUNCES TERMINATION OF TENDER OFFER TO PURCHASE ALL OUTSTANDING COMMON SHARES AND ASSOCIATED RIGHTS OF PERFORMANCE SHIPPING INC. [Yahoo! Finance]

Performance Shipping Inc. - Common Shares (PSHG) 
Company Research Source: Yahoo! Finance
NEW YORK March 16, 2026 /PRNewswire/ -- Sphinx Investment Corp. (" Sphinx ") today announced that it has terminated its previously announced offer to purchase all of the issued and outstanding common shares, par value $0.01 per share (the " Common Shares "), of Performance Shipping Inc. (" Performance ") (including the associated preferred stock purchase rights (the " Rights ", and together with the Common Shares, the " Shares ") (the " Offer "). The tender offer was due to expire at 11:59 p.m., New York City time, on September 18, 2026. Sphinx's obligation to consummate the Offer was subject to various terms and conditions specified in the offer to purchase and letter of transmittal documents that were distributed to holders, including the "Series C Condition", as further described in such documents. As previously disclosed by Sphinx, on August 13, 2024, Sphinx initiated legal proceedings (the " RMI Cancellation Proceedings ") in the High Court of the Republic of the Marshall Is Show less Read more
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