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Stock impact report

Diana Shipping Inc. Announces Public Offering of Common Shares

Diana Shipping inc. common stock (DSX) 
Last diana shipping inc. common stock earnings: 2/21 07:53 am Check Earnings Report
US:NYSE Investor Relations: dianashippinginc.com/investors
Company Research Source: GlobeNewswire
ATHENS, Greece, April 18, 2017 (GLOBE NEWSWIRE) -- Diana Shipping Inc. (NYSE:DSX) (the “Company”), a global shipping company specializing in the ownership of dry bulk vessels, today announced that it has commenced an underwritten public offering of US$70.0 million of common shares. The Company intends to grant the underwriters an over-allotment option for a period of 30 days from the closing of this offering to purchase up to an additional US$10.5 million of common shares. As part of the offering, entities affiliated with Simeon Palios, the Company’s Chief Executive Officer and Chairman, executive officers and certain directors, have agreed to purchase approximately US$20.0 million of common shares at the public offering price. Substantially all of the net proceeds of the offering are expected to be used to fund the acquisition costs of additional dry bulk vessels, including two 2013-built Post-Panamax dry bulk vessels that the Company has agreed to purchase from unaffiliated thi Show less Read more
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