 MAROUSSI, GREECE, February 24, 2021 - Pyxis Tankers Inc. NASDAQ: PXS, the Company or Pyxis Tankers, an emerging growth pure play product tanker company, today announced that it has closed its previously announced definitive securities purchase agreements with a group of investors, which resulted in gross proceeds to Pyxis Tankers of 25.0 million, before deducting placement offering expenses. Pyxis Tankers has issued 14,285,715 shares of common stock at a price of 1.75 per share. Pyxis Tankers will use the net proceeds from the transaction for general corporate purposes, which may include the repayment of outstanding indebtedness and potential vessel acquisitions. 