Genco (GNK) files Amendment No.15 on Dianas $24.80/share unsolicited offer

Rhea-AI Filing Summary

Genco Shipping & Trading Limited filed Amendment No. 15 to its Schedule 14D-9 in response to an unsolicited tender offer by Diana Shipping Inc. and its merger subsidiary to purchase all issued and outstanding common shares for $24.80 per share in cash. This Amendment, dated June 15, 2026, supplements the Companys prior Solicitation/Recommendation Statement and attaches three exhibits: a video infographic text, a company statement, and a LinkedIn post, each made available on June 15, 2026.

Insights

M&A Counsel

Amendment responds to an unsolicited $24.80 per-share tender offer; exhibits document Gencos public messaging.

Genco filed Amendment No. 15 to its Schedule 14D-9 to supplement its prior recommendation materials regarding Diana Shipping Inc.s unsolicited tender offer at $24.80 per share. The Amendment attaches three disclosure exhibits dated June 15, 2026.

Key procedural points: the filing updates solicitation/recommendation materials and preserves previously disclosed positions unless otherwise amended. Subsequent filings or disclosures may provide any decision by the board or voting/recommendation changes.

Corporate Governance Advisor

Company is documenting its outreach and investor-facing materials while the tender offer process continues.

The Amendment supplements the Schedule 14D-9 with a video infographic text, a company statement and a LinkedIn post, all dated June 15, 2026. These exhibits reflect public communications by management during the tender offer timeline.

Board deliberations, recommendation language, and any changes to prior disclosures are controlled by the Schedule 14D-9 record; stakeholders should watch for further amendments or formal board statements filed with regulators.

Key Figures

Amendment number: Amendment No. 15 Offer price: $24.80 per share Amendment date: June 15, 2026 +1 more

4 metrics

Amendment number Amendment No. 15 Schedule 14D-9 amendment to prior Statement

Offer price $24.80 per share Diana Shipping Inc.s unsolicited tender offer cash price

Amendment date June 15, 2026 Date exhibits were made available and Amendment executed

CUSIP Y2685T131 Genco common stock CUSIP shown on the filing cover

Key Terms

Schedule 14D-9, unsolicited tender offer, Series B Preferred Stock

3 terms

Schedule 14D-9 regulatory

"Solicitation/Recommendation Statement under Section 14(d)(4) of the Securities Exchange Act"

Schedule 14D-9 is a filing with the U.S. Securities and Exchange Commission in which a company publicly states its response and recommendation to an outside bid to buy its shares (a tender offer). Think of it as the company’s advisory note to shareholders explaining whether to sell, keep, or seek alternatives, and why, with facts and reasoning. Investors rely on it to gauge management’s view of the offer’s fairness and the likely impact on value and strategy.

unsolicited tender offer market

"The Statement relates to the unsolicited tender offer by Diana Shipping Inc."

An unsolicited tender offer is a public bid by an outside party to buy a company’s shares directly from shareholders without the target company’s board asking for or endorsing the transaction. It matters to investors because it can offer a quick cash exit at a premium or create uncertainty about the company’s future—like a stranger showing up with a firm offer for your house, forcing owners to weigh immediate gain against long-term plans and risks.

Series B Preferred Stock financial

"associated rights to purchase shares of Series B Preferred Stock, par value $0.01 per share"

Series B preferred stock is a type of ownership share issued by a company that offers certain advantages over common stock, such as priority in receiving dividends or assets if the company is sold or liquidated. It is typically issued after an initial round of funding, making it a way for investors to support a company's growth while gaining some protections and benefits. This stock matters to investors because it often provides a more secure investment position with potential for future growth.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Available on EDGAR 06/15/2026 - 04:54 PM Accepted by SEC EDGAR 06/15/2026 - 04:54 PM Learn about SEC filing dates

FAQ

What does Gencos Amendment No.15 state about the tender offer (GNK)?

It states Genco filed Amendment No.15 to its Schedule 14D-9 supplementing its solicitation/recommendation materials and attaches three exhibits dated June 15, 2026, while preserving other information in the prior Statement.

Who launched the unsolicited tender offer for Genco (GNK) and at what price?

The unsolicited tender offer was launched by Diana Shipping Inc. and 4 Dragon Merger Sub Inc. to purchase all issued and outstanding common shares at $24.80 per share in cash.

What exhibits did Genco attach to Amendment No.15 (GNK)?

Genco attached three exhibits: a video infographic text, a company statement, and a LinkedIn post, each made available by Genco on June 15, 2026 as part of the Amendment.

Does Amendment No.15 change Gencos prior recommendation in the Schedule 14D-9?

The Amendment states it amends and supplements the prior Schedule 14D-9 and that, except as otherwise set forth in this Amendment, the information in the Statement remains unchanged. Specific recommendation changes are not described in the exhibited text.

What form of consideration is Diana offering to Genco shareholders (GNK)?

Dianas tender offer proposes cash consideration of $24.80 per share, without interest and subject to any required withholding taxes, for all issued and outstanding Genco common shares.

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

SCHEDULE 14D-9

Solicitation/Recommendation Statement

under Section 14(d)(4) of the Securities Exchange Act of 1934

(Amendment No. 15)

GENCO SHIPPING & TRADING LIMITED

(Name of Subject Company)

GENCO SHIPPING & TRADING LIMITED

(Name of Person Filing Statement)

Common Stock, par value $0.01 per share

(Title of Class of Securities)

Y2685T131

(CUSIP Number of Class of Securities)

Peter Allen

Chief Financial Officer

299 Park Avenue, 12th Floor

New York, New York 10171

(646) 443-8550

(Name, address and telephone number of person authorized to receive notices and communications on behalf of the person filing statement)

With copies to:

Kai H.E. Liekefett Reuben Zaramian Sidley Austin LLP 787 Seventh Avenue New York, NY 10019 (212) 839-8744 Thomas E. Molner J. Michael Mayerfeld Herbert Smith Freehills Kramer (US) LLP 1177 Avenue of the Americas New York, NY 10036 (212) 715-9100

☐ Check the box if the filing relates solely to preliminary communications made before the commencement of a tender offer.

Introduction

This Amendment No. 15 to Schedule 14D-9 (this “Amendment”) amends and supplements the Solicitation/Recommendation Statement on Schedule 14D-9 (as amended from time to time, the “Statement”) originally filed by Genco Shipping & Trading Limited, a Marshall Islands corporation (“Genco” or the “Company”), with the Securities and Exchange Commission on May 15, 2026. The Statement relates to the unsolicited tender offer by Diana Shipping Inc., a Marshall Islands corporation (“Diana”) and 4 Dragon Merger Sub Inc., a Marshall Islands corporation and a direct wholly-owned subsidiary of Diana, to purchase all of the issued and outstanding shares of common stock of Genco, par value $0.01 per share, and the associated rights to purchase shares of Series B Preferred Stock, par value $0.01 per share, for $24.80 per share in cash, without interest and less any required withholding taxes. Except as otherwise set forth in this Amendment, the information set forth in the Statement remains unchanged.

The Statement is hereby amended and supplemented as follows:

Item 9. Exhibits

The following exhibits are filed with this Statement:

Exhibit No.		Description
(a)(57)		Video infographic text, made available by Genco on June 15, 2026.
(a)(58)		Statement, issued by Genco on June 15, 2026.
(a)(59)		LinkedIn post, made available by Genco on June 15, 2026.

SIGNATURE

After due inquiry and to the best of my knowledge and belief, I certify that the information set forth in this Statement is true, complete and correct.

Date: June 15, 2026

GENCO SHIPPING & TRADING LIMITED
By:	/s/ Peter Allen
	Peter Allen
	Chief Financial Officer (Principal Financial Officer)