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Subsequent Events
 6 Months Ended
Jun. 30, 2024
Subsequent Events [Abstract]  
Subsequent Events
 
 
 
 
15.
 
Subsequent Events
a)
Exercise
 
of
 
warrants:
Since
 
July
 
1,
 
2024
 
and
 
until
 
September
 
12,
 
2024,
 
the
 
Company
 
issued
65,715
 
shares
 
of
 
common
 
stock,
 
resulting
 
to
 
$
164
 
of
 
proceeds
 
from
 
the
 
exercise
 
of
41,085
warrants.
b)
Bond Issue:
On July
 
2, 2024, the
 
Company issued a
 
new bond
 
of $
150
 
million, maturing
 
in July
2029
 
to
 
refinance
 
the
 
existing
 
$
125
 
million
 
bond
 
maturing
 
in
 
June
 
2026
 
(note
 
8).
 
The
 
existing
bond
 
was
 
settled
 
on
 
July
 
8,
 
2024
 
and
 
the
 
Company
 
incurred
 
a
 
loss
 
of
 
about
 
$
3,990
,
 
resulting
from the call premium.
 
c)
Series B
 
Preferred Stock Dividends
: On
 
July 15,
 
2024, the
 
Company paid a
 
quarterly dividend
on its series B preferred stock,
 
amounting to $
0.5546875
 
per share, or $
1,442
, to its stockholders
of record as of July 12, 2024.
d)
Loan
 
refinancing:
On
 
July
 
25,
 
2024,
 
the
 
Company
 
entered
 
into
 
a
 
new
 
loan
 
agreement
 
with
Nordea
 
to
 
refinance
 
the
two
 
existing
 
loan
 
agreements
 
with
 
the
 
bank
 
having
 
an
 
outstanding
balance of
 
$
167,263
. The
 
new loan
 
agreement will mature
 
in
six years
 
and will have
 
a margin
 
of
2.00
% over term SOFR.
e)
Delivery of Vessel:
On September 4, 2024, the vessel Houston was delivered to her new owners
(Note 6).