Diana Shipping Inc. Announces Final Results of Self Tender Offer for Shares of Common Stock

Tender Offer Results - Diana Shipping Inc announced the final results of its tender offer to purchase up to 15,000,000 shares of its common stock at a price of US$2 00 per share, with the offer expiring on December 31, 2024 [1] - A total of 11,442,645 shares were tendered, resulting in an aggregate purchase price of US$22,885,290 as the offer was undersubscribed [2] Company Overview - Diana Shipping Inc is a global shipping company specializing in the ownership and bareboat charter-in of dry bulk vessels [3] - The company's vessels are primarily employed on short to medium-term time charters, transporting dry bulk cargoes such as iron ore, coal, grain, and other materials along worldwide shipping routes [3] Forward-Looking Statements - The press release contains forward-looking statements regarding the company's plans, objectives, goals, strategies, future events, and performance [4][5] - These statements are based on various assumptions, including historical operating trends, company records, and third-party data, but are subject to significant uncertainties and contingencies [6] - Factors that could cause actual results to differ include world economic strength, currency fluctuations, charter rate and vessel value changes, demand for dry bulk shipping capacity, operating expenses, financing availability, regulatory changes, political conditions, and potential disruptions to shipping routes [7]