Pyxis Tankers (US:PXS) Globenewswire·2025-11-21 13:30Core Viewpoint - Pyxis Tankers Inc. announced a share repurchase authorization of up to $3.0 million, citing that the current share price does not reflect the company's value proposition and operational progress [1][2]. Company Overview - Pyxis Tankers Inc. operates a modern fleet of six mid-sized eco-vessels, including three MR product tankers and one Kamsarmax bulk carrier, engaged in the transportation of refined petroleum products and dry-bulk commodities [3]. - The company has controlling interests in two dry-bulk joint ventures and is positioned to expand its fleet of eco-efficient vessels due to significant capital resources, competitive cost structure, and strong customer relationships [3]. Share Repurchase Program - The share repurchase may be executed through various methods such as open market repurchase programs, privately negotiated transactions, or accelerated share repurchase programs over a period of up to one year [2]. - The timing and amount of repurchases will depend on capital availability, market conditions, and the company's assessment of shareholder interests [2].