PANL — what changed in the latest 10-Q

Text added vs the prior filing · source: 10-Q · 2026-05-11

• Total cost of transportation and service revenue137,853 102,677

• Transportation and service depreciation and amortization11,840 9,896

• Net income (loss) attributable to Pangaea Logistics Solutions Ltd.$13,294 $(1,981)

• Weighted-average common shares Outstanding - basic64,193 63,851

• Weighted-average common shares Outstanding - diluted64,776 63,851

Text removed vs the prior filing · source: 10-Q · 2025-11-10

• (in thousands, except for shipping days data and per share data)

• Vessel and Terminal Equipment depreciation and amortization10,165 7,678 30,632 22,527

• Net income from continuing operations per common share information

• (a) EBITDA for prior-year periods has been recast to include income taxes to conform to the current period presentation.

• Total secured debt, including financing obligations and finance leases$382,641 $397,372

Text added vs the prior filing · source: 10-Q · 2026-05-11

• With the participation of our Chief Executive Officer and Chief Financial Officer, we have evaluated the effectiveness of our disclosure controls and procedures as of March 31, 2026. The term "disclosure controls and procedures," as defined in Rules 13a-15(e) and 15d-15(e) under the Securities Excha…

• Based on the evaluation of our disclosure controls and procedures as of March 31, 2026, our Chief Executive Officer and Chief Financial Officer concluded that, as of such date, our disclosure controls and procedures were effective at the reasonable assurance level.

• No change in our internal control over financial reporting (as defined in Rules 13a-15(f) and 15d-15(f) under the Exchange Act) occurred during the three months ended March 31, 2026 that has materially affected, or is reasonably likely to materially affect, our internal control over financial report…

• There are inherent limitations to the effectiveness of any system of internal control over financial reporting. Accordingly, even an effective system of internal control over financial reporting can only provide reasonable assurance with respect to financial statement preparation and presentation in…

Text removed vs the prior filing · source: 10-Q · 2025-11-10

• Management’s Evaluation of Disclosure Controls and Procedures.

• As of the end of the period covered by this report on Form 10-Q, we carried out an evaluation, under the supervision and with the participation of management, including our Chief Executive Officer and Chief Financial Officer, of the effectiveness of our disclosure controls and procedures as defined …

• There were no changes in our internal control over financial reporting during the period covered by this report that have materially affected, or are reasonably likely to materially affect, our internal control over financial reporting. However, during the nine months ended September 30, 2025, we im…

Text removed vs the prior filing · source: 10-Q · 2025-11-10

• On May 8, 2025, the Company’s Board of Directors authorized a share repurchase program of up to $15 million of the Company’s common stock, representing approximately 5.6% of its market capitalization as of that date. The program does not obligate the Company to repurchase any specific number of shar…

• The share repurchase program was publicly announced in the Company’s Quarterly Report on Form 10-Q for the quarter ended March 31, 2025, filed on May 12, 2025.

• During the nine months ended September 30, 2025, the Company repurchased 403,400 shares under the program at an average price of $4.93 per share for a total cost of approximately $2.0 million. All repurchased shares were retired upon acquisition. As of September 30, 2025, approximately $13.0 million…

• Shares repurchased pursuant to the common share repurchase program during the nine months ended September 30, 2025 were as follows:

• Nine Months Ended September 30, 2025Total Number of Shares PurchasedAverage price paid per share of common stockAggregate purchase price of common stock repurchasesDollar value of remaining authorized repurchase

Text removed vs the prior filing · source: 10-Q · 2025-11-10

• On May 8, 2025, the Company’s Board of Directors authorized a share repurchase program of up to $15 million of the Company’s common stock, representing approximately 5.6% of its market capitalization as of that date. The program does not obligate the Company to repurchase any specific number of shar…

• The share repurchase program was publicly announced in the Company’s Quarterly Report on Form 10-Q for the quarter ended March 31, 2025, filed on May 12, 2025.

• During the nine months ended September 30, 2025, the Company repurchased 403,400 shares under the program at an average price of $4.93 per share for a total cost of approximately $2.0 million. All repurchased shares were retired upon acquisition. As of September 30, 2025, approximately $13.0 million…

• Shares repurchased pursuant to the common share repurchase program during the nine months ended September 30, 2025 were as follows:

• Nine Months Ended September 30, 2025Total Number of Shares PurchasedAverage price paid per share of common stockAggregate purchase price of common stock repurchasesDollar value of remaining authorized repurchase