Pyxis Tankers Announces Closing of $5.0 Million Public Offering of Convertible Preferred Shares & Warrants

Each Unit is immediately separable into one 7.75% Series A Cumulative Convertible Preferred Share (the Preferred Shares) and eight (8) warrants, each warrant exercisable for one common share (the Warrants), for a total of up to 1,600,000 common shares of the Company.