 MAROUSSI, GREECE, February 17, 2021 - Pyxis Tankers Inc. NASDAQ: PXS, the Company or Pyxis Tankers, an emerging growth pure play product tanker company, today announced that it has entered into definitive securities purchase agreements with a group of investors, which will result in gross proceeds to Pyxis Tankers of 25.0 million, before deducting placement offering expenses. Pyxis Tankers will issue 14,285,715 shares of common stock at a price of 1.75 per share. This private placement is expected to close on or before February 19, 2021, subject to customary closing conditions. 