Sphinx Investment announced that it has extended the expiration date of its previously announced offer to purchase all of the issued and outstanding common shares, par value $0.01 per share, of Performance Shipping including the associated preferred stock purchase rights (the “Rights”, and together with the Common Shares, the “Shares”) for $3.00 per Share in cash, without interest, less any applicable withholding taxes.
The expiration date of the Offer has been extended to 11:59 p.m., New York City time, on July 31, 2025.
Continental Stock Transfer & Trust Company, the tender offer agent for the Offer, has advised Sphinx that as of 5:00 p.m., New York City time, on February 4, 2025, the last business day prior to the announcement of the extension of the Offer, 1,695,424 Shares had been validly tendered into the Offer and not validly withdrawn.