Performance Shipping Inc.
For the period ended May 26, 2026. Filed May 26, 2026.
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May 26, 2026 · Filed May 26, 2026
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Contents
EX-99.1 · Corporate Developments
Corporate Developments
Update on Outstanding Shares and Warrants
As of May 25, 2026, the Company had outstanding 12,432,158 common shares. In addition, the following common share purchase warrants were outstanding as of such date:
| • | Class A Warrants to purchase up to 567,366 common shares at an exercise price of $15.75 per common share; |
| • | Warrants issued July 19, 2022, to purchase up to 1,033,333 common shares at an exercise price of $1.65 per common share; |
| • | Warrants issued August 16, 2022, to purchase up to 2,122,222 common shares at an exercise price of $1.65 per common share; |
| • | Series A Warrants issued March 3, 2023, which are exchangeable for up to 14,300 common shares; and |
| • | Series B Warrants issued March 3, 2023, to purchase up to 4,097,000 common shares at an exercise price of $2.25 per common share. |
Finally, the Company had 50,726 shares of its Series B Convertible Cumulative Perpetual Preferred Stock and 1,423,912 shares of its Series C Convertible Cumulative Redeemable Perpetual Preferred Stock outstanding.
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