Microcap Ledger Pangaea Logistics Solutions Ltd. $PANL
Facts as of . Built from SEC filings and our own data. Small caps move fast; check the latest filings.
Snapshot
- Exchange
- Nasdaq Capital Market
- Sector
- Deep Sea Foreign Transportation of Freight
- Headquarters
- Newport, RI
- Fiscal year end
- December 31
- Shares outstanding
- 65,473,772 [10-Q 2026-08-10]
What the company doesAI summary of filing
Pangaea Logistics Solutions Ltd. provides seaborne drybulk logistics and transportation services, along with terminal and stevedoring services. The company operates a fleet of owned and chartered-in motor vessels (Handymax, Supramax, Ultramax, Panamax, and Post-Panamax segments) to transport commodities including grains, coal, iron ore, bauxite, alumina, cement, and other bulk cargoes to over 300 ports worldwide. Revenue is generated primarily through contracts of affreightment (multi-year agreements), voyage charters, and time charters. As of March 16, 2026, the company owned 39 vessels and employed an average of 64 vessels in service per day during 2025, having transported approximately 26.2 million tons of cargo annually. [10-K 2026-03-16]
Financial health
| Period | Revenue | Net income | Operating cash flow | Cash | Filing |
|---|---|---|---|---|---|
| 6 months to Jun 2026 | $357.70M | $23.50M | $25.88M | $105.67M | [10-Q 2026-08-10] |
| FY ended Dec 2025 | $632.04M | $19.37M | $53.73M | $103.05M | [10-K 2026-03-16] |
| FY ended Dec 2024 | $536.54M | $28.90M | $65.69M | $86.81M | [10-K 2026-03-16] |
Capital structure and dilution
| Date | Shares outstanding | Filing |
|---|---|---|
| 2024-11-08 | 46,902,091 | [10-Q 2024-11-12] |
| 2025-03-12 | 65,628,437 | [10-K 2025-03-18] |
| 2025-05-08 | 65,621,562 | [10-Q 2025-05-12] |
| 2025-08-05 | 65,241,911 | [10-Q 2025-08-08] |
| 2025-11-04 | 64,973,688 | [10-Q 2025-11-10] |
| 2026-03-09 | 65,318,647 | [10-K 2026-03-16] |
| 2026-05-08 | 65,414,923 | [10-Q 2026-05-11] |
| 2026-08-07 | 65,473,772 | [10-Q 2026-08-10] |
- Shelf registration
- S-3 filed 2025-01-16; declared effective 2025-01-30 [S-3 2025-01-16]
Listing status
Current status: No Form 8-K Item 3.01 (listing notice) filings in the last 24 months, as of 2026-10-11.
Who owns it
| Date | Insider | Type | Shares | Price | Filing |
|---|---|---|---|---|---|
| 2026-05-26 | Rosenfeld Eric | sell | 100,000 | $8.37 | [4 2026-05-27] |
| 2026-03-25 | Petersen Mads Rosenber Boye | grant | 23,710 | — | [4 2026-03-26] |
| 2026-03-25 | Petersen Mads Rosenber Boye | grant | 23,710 | — | [4 2026-03-26] |
| 2026-03-25 | Delsignore Gianni | grant | 12,794 | — | [4 2026-03-26] |
| 2026-03-25 | Delsignore Gianni | grant | 12,794 | — | [4 2026-03-26] |
| 2026-03-25 | Schildt Daniel | grant | 10,284 | — | [4 2026-03-26] |
| 2026-03-25 | Schildt Daniel | grant | 10,284 | — | [4 2026-03-26] |
| 2026-03-19 | Delsignore Gianni | sell | 23,779 | $6.99 | [4 2026-03-20] |
| 2026-03-18 | Petersen Mads Rosenber Boye | sell | 19,572 | $7.06 | [4 2026-03-18] |
| 2026-02-25 | Laura Anthony | other | 14,140 | $8.48 | [4 2026-06-09] |
| 2026-02-25 | Laura Anthony | grant | 7,070 | — | [4 2026-06-09] |
| 2026-02-25 | Laura Anthony | grant | 7,070 | — | [4 2026-06-09] |
Catalysts and calendar
| Date | Type | Title |
|---|---|---|
| 2026-08-10 | 10-Q | Quarterly report |
| 2026-08-10 | 8-K | Results of operations |
| 2026-06-08 | 8-K | Director or officer change |
| 2026-05-28 | 13G/A | Beneficial ownership report (5%+ holder) |
| 2026-05-12 | 8-K | Shareholder vote results |
| 2026-05-11 | 8-K | Results of operations |
| 2026-05-11 | 10-Q | Quarterly report |
| 2026-03-27 | DEF 14A | Proxy statement |
| 2026-03-16 | 10-K | Annual report |
| 2026-03-11 | 8-K | Results of operations |
| 2026-02-17 | 8-K | Other events |
| 2025-12-18 | 13D/A | Beneficial ownership report (5%+ holder) |
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Facts as of . Small caps move fast; check the latest filings.