Pyxis Tankers Authorizes $3.0 Million Share Repurchase Program

Pyxis Tankers Inc. has announced that its Board of Directors has authorized the repurchase of up to $3.0 million of its common shares. The company believes its current share price does not reflect its value proposition, operational progress, financial performance, and future prospects. Purchases may be made through open market repurchase programs, privately negotiated transactions, accelerated share repurchase programs, or a combination of these methods within a year.