Sphinx Investment Corp. announced on July 31, 2025, that it has extended the expiration date of its previously announced offer to purchase all outstanding common shares and associated rights of Performance Shipping Inc. The offer price remains at $3.00 per share in cash, without interest, less any applicable withholding taxes.
The tender offer aims to acquire all issued and outstanding common shares, par value $0.01 per share, including the associated preferred stock purchase rights. The extension means the offer period for shareholders to tender their shares has been prolonged.
This extension continues the period during which shareholders can consider the offer. The terms of the offer, including the price per share, have not been altered with this announcement.
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