Pangaea Logistics Solutions Ltd.- Halper Sadeh

Pangaea Logistics Solutions Ltd.

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We would handle the action on a contingent fee basis, whereby you would not be responsible for out of pocket payment of our legal fees or expenses.

PANL STOCK ALERT: HALPER SADEH LLC IS INVESTIGATING WHETHER THE MERGER OF PANGAEA LOGISTICS SOLUTIONS LTD.’S FLEET IS FAIR TO SHAREHOLDERS

September 24, 2024.

New York, New York—Halper Sadeh LLC, an investor rights law firm, is investigating whether Pangaea Logistics Solutions Ltd.’s (NASDAQ: PANL) acquisition of 100% ownership in fifteen handy-size vessels is fair to Pangaea shareholders. The fifteen handy-size vessels have a total net asset value of $193 million. As consideration for the vessels, Pangaea will issue approximately 19.0 million of new common shares to the vessels owners.

The investigation concerns whether Pangaea and its board violated the federal securities laws and/or breached their fiduciary duties to shareholders by failing to, among other things: (1) obtain the best possible consideration for Pangaea shareholders; and (2) disclose all material information necessary for Pangaea shareholders to adequately assess and value the merger consideration.

On behalf of Pangaea shareholders, Halper Sadeh LLC may seek increased consideration for shareholders, additional disclosures and information concerning the proposed transaction, or other relief and benefits. We would handle the action on a contingent fee basis, whereby you would not be responsible for out-of-pocket payment of our legal fees or expenses.

Halper Sadeh LLC represents investors all over the world who have fallen victim to securities fraud and corporate misconduct. Our attorneys have been instrumental in implementing corporate reforms and recovering millions of dollars on behalf of defrauded investors.

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I currently hold, and will continue to hold, at least one share of Pangaea Logistics Solutions Ltd. while the matter, if any, is pending.*

By signing and clicking the “submit” button below, I hereby execute the Retainer Agreement and agree to retain Halper Sadeh LLC in the Pangaea Logistics Solutions Ltd. shareholder matter on a contingent fee basis pursuant to the terms set forth in the provided Retainer Agreement, which is incorporated by reference herein. Pursuant to the Retainer Agreement, which is effective upon execution by Halper Sadeh LLC, Halper Sadeh LLC will advance all costs and expenses pursuant to the terms set forth in the Retainer Agreement.*

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Signed pursuant to California Civil Code Section 1633.1, et seq., and the Uniform Electronic Transactions Act as adopted by the various states and territories of the United States.

Date of signing: December 21, 2024

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