Pyxis Tankers Authorizes $3 Million Share Repurchase Program to Address Undervaluation

Pyxis Tankers has announced a new $3 million common share repurchase program to purchase up to $3 million of its own shares. The company believes its current share price does not reflect its value proposition, operational progress, financial performance, and future prospects. The repurchases may be made through open market repurchases, privately negotiated transactions, or accelerated share repurchases.