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.
DSX vs strike, last 12 months
No share-price history for DSX yet.
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
- Value of all listed warrants
- $11.92M (3.6% of market cap)
Market cap is the last share price times shares outstanding (as of 2025-12-31). All SEC filings for this company.
Model value vs price Pro
- Model value
- Last price
- $0.7600
- Price / model
Get Pro to see whether DSX.W is cheap or rich against our model.
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.