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Subsequent Events | 12 Months Ended
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Dec. 31, 2024
Subsequent Events [Abstract] |
Subsequent Events | 17. Subsequent Events a) Repurchase of common stock : On January 7, 2025, the tender offer which had commenced in December 2024 (Note 11) was settled and the Company purchased a total of 11,442,645 shares of common stock for an aggregate amount of $ 22,885 . b) Exercise of warrants : From January 1, 2025 until March 21, 2025, the Company issued 7,101 shares of common stock, resulting to $ 17 of proceeds from the exercise of 4,352 warrants. c) Series B Preferred Stock Dividends : On January 15, 2025, 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 January 14, 2025. d) Sale of Vessel Alcmene: On February 10, 2025, the Company, through a wholly owned subsidiary, entered into an agreement with an unrelated third party to sell the vessel Alcmene. The vessel was delivered to the new owners on March 13, 2025. The Company expects to have a gain from the sale of the vessel. e) Restricted share awards: On February 25, 2025, the Company’s Board of Directors approved the award of 2,000,000 shares of restricted common stock to executive management and non-executive directors, pursuant to the Company’s amended plan, as annual bonus. The fair value of the restricted shares based on the closing price on the date of the Board of Directors’ approval was $ 3,680 . The cost of these awards will be recognized ratably over the restricted shares vesting period which will be 3 years . f) Common Stock Dividend: On February 25, 2025, the Company declared a cash dividend on its common stock of $ 0.01 per share, based on the Company’s results of operations during the fourth quarter ended December 31, 2024. The cash dividend will be paid on March 21, 2025, to all shareholders of record as of March 12, 2025. g) Joint Venture agreement: On March 12, 2025, the Company, through a wholly owned subsidiary Diana Gas Inc., entered into a joint venture agreement with Ecogas Holding AS, pursuant to which we agreed to contribute $ 18.5 million, being 80.0 % interests of two LPG newbuilding vessels with delivery in 2027 and with the option for two more.

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- Definition The entire disclosure for significant events or transactions that occurred after the balance sheet date through the date the financial statements were issued or the date the financial statements were available to be issued. Examples include: the sale of a capital stock issue, purchase of a business, settlement of litigation, catastrophic loss, significant foreign exchange rate changes, loans to insiders or affiliates, and transactions not in the ordinary course of business. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 855 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/855/tableOfContent Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 855 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org/1943274/2147483399/855-10-50-2 + Details
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