Diana Shipping inc. (DSX.W) Warrant
Each DSX.W warrant gives the holder the right to buy 1.68852 shares of Diana Shipping inc. at $2.37 per share, until December 14, 2026. The stock last closed at $2.86, above the strike, so the warrant is in the money. Diana Shipping inc. has a market value of about $331.15M. There are 15.68M listed warrants; exercising all of them would add 22.9% to the 115.79M shares outstanding.
Key terms
- Strike per share
- $2.37
- Shares per warrant
- 1.68852
- Cash to exercise one warrant
- $4.00
- Expiry
- 2026-12-14
- Redemption trigger
- none stated
- Cashless exercise
- no
- Break-even stock price
- $2.82
From the issuer's 20-F (2026-03-13).
Company and stock
- Company
- Diana Shipping inc.
- Underlying stock
- DSX
- Share price
- $2.86
- Market cap
- $331.15M
- Shares outstanding
- 115.79M
- 12-month range
- $1.57 – $3.11
- 12-month change
- +67%
- Value of all listed warrants
- $11.92M (3.6% of market cap)
- Industry
- Deep Sea Foreign Transportation of Freight
- Head office
- Athens, Greece
Market cap is the last share price times shares outstanding (as of 2025-12-31). Industry and head office are as the company reports them to the SEC. All SEC filings for this company.
Model value vs price Pro
- Model value
- Last price
- $0.7600
- Price / model
Pro will show whether DSX.W is cheap or rich against our model. It is not open yet. Leave your email to hear when it is.
Dilution
- Shares outstanding
- 115.79M
- Listed warrants
- 15.68M
- Dilution if all exercised
- 22.9%
Warrant count from filing notes, read by hand (medium): Warrants (dividend warrants distributed Dec 14, 2023; NYSE DSX WS).
Filings and events
Questions about DSX.W
When does the DSX.W warrant expire?
DSX.W expires on December 14, 2026.
What is the strike price of DSX.W?
$2.37 per share; each warrant converts into 1.68852 share, so exercising one warrant costs $4.00.
Can Diana Shipping inc. redeem the DSX.W warrants early?
The source filing we read lists no stock-price redemption trigger.
How many DSX.W warrants are outstanding?
15.68M listed warrants, equal to 22.9% dilution if all are exercised.
Related warrants
Get an email when alerts for DSX.W open
Alerts and Pro are not open yet. Leave your email and we will tell you when you can follow DSX.W.