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Subsequent Events
 12 Months Ended
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.