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Major owner of Pangaea Logistics Solutions just declared owning 13,995,409 shares of Pangaea Logistics Solutions

Capital Group Cartesian, a major owner of Pangaea Logistics Solutions, has just filed an initial statement of beneficial ownership where 13,995,409 shares of Pangaea Logistics Solutions were declared. This form is usually filed as a prelude to receiving options or buying company shares, so there may be more to come from Cartesian. Cartesian operates out of New York, NY. Some additional info was provided as follows:

The 13,995,409 shares of Common Stock are held directly as follows: (i) 1,099,304 shares of Common Stock held directly by Imfinno, L.P.,a Delaware limited partnership ("Imfinno"); (ii) 1,669,492 shares of Common Stock held directly by Malemod, L.P., a Delaware limited partnership ("Malemod"); (iii) 1,658,620 shares of Common Stock held directly by Nypsun, L.P., a Delaware limited partnership ("Nypsun"); (iv) 1,555,334 shares of Common Stock held directly by Leggonly, L.P., a Delaware limited partnership ("Leggonly"); (v) 1,555,307 shares of Common Stock held directly by Pangaea One Parallel Fund (B), L.P., a Delaware limited partnership ("Pangaea Parallel (B)"); (vi) 3,297,254 shares of Common Stock held directly by Pangaea One (Cayman), L.P. ("Pangaea Cayman"); (vii) 3,081,156 shares of Common Stock held directly by Pangaea One Parallel Fund, L.P. ("Pangaea Parallel") and (viii) 78,942 Common Shares held directly by Pangaea Acquisition. Pangaea One, L.P., a Delaware limited partnership ("Pangaea One"), Pangaea Parallel (B), Pangaea Cayman and Pangaea Parallel directly own Pangaea Acquisition. Pangaea One GP, LLC, a Delaware limited liability...

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