Pyxis Tankers Equity Warrant Exp 19th Aug 2025 *W EXP 08/19/2025
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Industrials : Marine | Small Cap Value
Based in Greece
Company profile

Pyxis Tankers Inc. is a maritime transportation holding company. The Company is focused on the product tanker sector. It owns a fleet of six double hull product tankers: Pyxis Epsilon with carrying capacity of approximately 50,295 deadweight tonnage (dwt); Pyxis Theta with carrying capacity of approximately 51,795 dwt, Pyxis Malou with carrying capacity of over 50,667 dwt; Pyxis Delta with carrying capacity of approximately 46,616 dwt; Northsea Beta with carrying capacity of over 8,647 dwt, and Northsea Alpha with carrying capacity of approximately 8,615 dwt. Four of the Company's vessels in the fleet are medium-range (MR), product tankers, three have eco-efficient or eco-modified designs, and two of them are short-range tanker sister ships. Its fleet is capable of transporting refined petroleum products, such as naphtha, gasoline, jet fuel, kerosene, diesel and fuel oil, as well as other liquid bulk items, such as vegetable oils and organic chemicals.

Closing Price
$0.3524
Day's Change
0.00 (0.00%)
Bid
--
Ask
--
B/A Size
--
Day's High
--
Day's Low
--
Volume
(Light)
Volume:
0

10-day average volume:
6,970
0

SHAREHOLDER ALERT: Pomerantz Law Firm Investigates Claims On Behalf of Investors International Business Machines Corporation - IBM

2:54 pm ET May 19, 2022 (Newsfile) Print

New York, New York--(Newsfile Corp. - May 19, 2022) - Pomerantz LLP is investigating claims on behalf of investors of International Business Machines Corporation("IBM" or the "Company") (NYSE: IBM). Such investors are advised to contact Robert S. Willoughby at newaction@pomlaw.com or 888-476-6529, ext. 7980.

The investigation concerns whether IBM and certain of its officers and/or directors have engaged in securities fraud or other unlawful business practices.

[Click here for information about joining the class action]

On October 16, 2018, IBM issued a press release announcing its preliminary results for its third quarter of 2018. The Company reported revenue of $18.8 billion, down 2%, and slowing growth in its "Strategic Imperatives" line of business.

On this news, IBM's stock price fell $11.07 per share, or 7.6%, to close at $134.05 per share on October 17, 2018.

Then, on October 20, 2021, IBM issued a press release announcing its results for its third quarter of 2021. The Company announced total revenues for the quarter of $17.62 billion, a shortfall of $191.84 million based on analyst estimates. The main culprit was the Cloud & Cognitive Software segment, which had revenues of $5.69 billion, a shortfall of approximately $80 million based on analyst estimates of $5.77 billion. Over 42% of the shortfall of approximately $190 million was attributable to Cloud & Cognitive Software (including IBM's Watson business), the segment where most of the strategic revenue produced by the Company's reclassification of revenues from non-strategic to strategic historically went.

On this news, IBM's stock price fell $12.80 per share, or 9.56%, to close at $121.07 per share on October 21, 2021.

The Pomerantz Firm, with offices in New York, Chicago, Los Angeles, and Paris is acknowledged as one of the premier firms in the areas of corporate, securities, and antitrust class litigation. Founded by the late Abraham L. Pomerantz, known as the dean of the class action bar, the Pomerantz Firm pioneered the field of securities class actions. Today, more than 80 years later, the Pomerantz Firm continues in the tradition he established, fighting for the rights of the victims of securities fraud, breaches of fiduciary duty, and corporate misconduct. The Firm has recovered numerous multimillion-dollar damages awards on behalf of class members. See www.pomerantzlaw.com.

CONTACT:

Robert S. Willoughby

Pomerantz LLP

rswilloughby@pomlaw.com

888-476-6529 ext. 7980

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/124683

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COMTEX_407469782/2523/2022-05-19T14:54:34

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