Business Context and Reporting Period
This Form 6-K filing by Pyxis Tankers Inc. is dated July 7, 2025, covering the month of July 2025. The report primarily addresses the resignation of the Company's independent registered public accounting firm, KPMG Certified Auditors S.A., effective upon the conclusion of the filing of unaudited financial results for the six-month period ended June 30, 2025.
Key Financial Metrics
The filing text does not provide specific values for revenue, profit, cash flow, margins, debt, or liquidity. The document focuses exclusively on auditor resignation disclosures and does not contain financial statement data.
Material Changes
- Auditor Resignation: KPMG has resigned as the Company's independent registered public accounting firm.
- Historical Audit Opinions: KPMG's audit reports for fiscal years ended December 31, 2024, and 2023, contained no adverse opinions, disclaimers, or qualifications.
- Disagreements: There were no disagreements with KPMG regarding accounting principles, practices, or auditing scope during the relevant periods.
- Reportable Events: KPMG previously identified a material weakness regarding the incorrect accounting of the partial redemption of Series A Convertible Preferred Stock in the second quarter of 2024. This deficiency was effectively remediated prior to December 31, 2024.
Outlook, Risks, and Management Commentary
Management expects to engage a new independent registered public accounting firm in due course following audit committee approval and will announce the engagement when it occurs. The Company intends to use this Form 6-K to satisfy reporting obligations under Item 16F(a) of its Form 20-F for the year ending December 31, 2025. The filing incorporates by reference into the Company's registration statement on Form F-3.
Investor Verification Checklist
- Verify the identity and qualifications of the new independent registered public accounting firm once announced.
- Review the accompanying Exhibit 16.1 (Letter from KPMG) to confirm the auditor's agreement with the Company's statements regarding the resignation and lack of disagreements.
- Confirm the status of the remediation of the previously identified material weakness regarding Series A Convertible Preferred Stock accounting.
- Monitor upcoming filings for the unaudited financial results for the six months ended June 30, 2025, which triggered the resignation.