M&A - Boggild Carl Claus

Form Type: SCHEDULE 13D/A

Filing Date: 2025-01-14

Corporate Action: Merger

Type: Update

Accession Number: 000160690925000036

Filing Summary: Carl Claus Boggild reports an update to his beneficial ownership in Pangaea Logistics Solutions Ltd. There has been an acquisition of 888,332 additional Common Shares through equity awards and private placement. This acquisition is part of a strategy to increase ownership and reflects support for the Issuer's growth. The Reporting Person's ownership percentage decreased due to the Issuer's issuance of additional shares following a merger. As of December 30, 2024, Pangaea had 64,961,433 Common Shares outstanding. Mr. Boggild now holds 8,342,193 shares, representing 12.8% of the total Common Stock. No other material changes or transactions within the last 60 days were disclosed.