Genco (NYSE: GNK) files Amendment No.10 to Schedule 14D‑9 on $24.80 tender

Rhea-AI Filing Summary

Genco Shipping & Trading Limited amends its Schedule 14D-9 in response to an unsolicited tender offer. The Amendment No. 10 supplements Genco's Solicitation/Recommendation Statement originally filed on May 15, 2026 and relates to Diana Shipping Inc.'s unsolicited offer to purchase all issued and outstanding common shares for $24.80 per share in cash. The Amendment adds exhibits, including three LinkedIn items and a June 8, 2026 statement.

Insights

Corporate Finance Counsel

Amendment updates exhibit record tied to the pending unsolicited tender offer.

Genco's Amendment No. 10 to the Schedule 14D-9 supplements its earlier Solicitation/Recommendation Statement and attaches three exhibits, including social media posts and a company statement dated June 8, 2026. The filing explicitly references Diana Shipping Inc.'s unsolicited tender offer at $24.80 per share.

These exhibit additions document Genco's communications; the filing does not change the offer price or describe procedural milestones. Future disclosures or filings may detail any recommendation change, timing, or cash‑flow treatment.

M&A Disclosure Specialist

Supplemental exhibits strengthen the public record but do not alter transaction terms.

The Amendment lists Exhibit (a)(48) LinkedIn advertisements (June 5, 2026), Exhibit (a)(49) LinkedIn post (June 8, 2026), and Exhibit (a)(50) a company statement (June 8, 2026). These items expand the communications appendix of the Solicitation/Recommendation Statement.

Documenting outreach and statements is common in contested tender contexts; the Amendment does not itself adopt a recommendation or disclose financial adjustments to the $24.80 offer.

Key Figures

Offer price: $24.80 per share Original Statement filed: May 15, 2026 Amendment date: June 8, 2026 +2 more

5 metrics

Offer price $24.80 per share Unsolicited tender offer by Diana Shipping Inc.

Original Statement filed May 15, 2026 Date of the Solicitation/Recommendation Statement originally filed

Amendment date June 8, 2026 Date of Amendment No. 10 and exhibits added

Exhibits added 3 items LinkedIn ads, LinkedIn post, company statement (June 5–8, 2026)

CUSIP Y2685T131 Class identifier for Genco common stock

Key Terms

Schedule 14D-9, unsolicited tender offer, Solicitation/Recommendation Statement, Series B Preferred Stock

4 terms

Schedule 14D-9 regulatory

"Solicitation/Recommendation Statement on Schedule 14D-9 (Amendment No. 10)"

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 financial

"the unsolicited tender offer by Diana Shipping Inc. to purchase all of the issued and outstanding shares"

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.

Solicitation/Recommendation Statement regulatory

"This Amendment amends and supplements the Solicitation/Recommendation Statement"

A solicitation/recommendation statement is a public message from a company, board member, shareholder or advisor that asks investors to take a specific action—such as voting a proxy, tendering shares, or accepting or rejecting an offer—and explains which choice the issuer recommends. It matters to investors because these statements aim to shape outcomes that affect ownership, control or value, and they are often subject to disclosure rules so readers can judge the source’s motives and reliability; think of it like a persuasive letter that also must show who wrote it and why.

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.

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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. 10)

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. 10 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)(48)		LinkedIn advertisements made available by Genco on June 5, 2026.
(a)(49)		LinkedIn post, made available by Genco on June 8, 2026.
(a)(50)		Statement issued by Genco on June 8, 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 8, 2026

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

FAQ

What does Genco's Amendment No.10 to Schedule 14D-9 say about the tender offer (GNK)?

Answer: The Amendment supplements Genco's Solicitation/Recommendation Statement and files three exhibits: LinkedIn advertisements (June 5, 2026), a LinkedIn post (June 8, 2026), and a company statement (June 8, 2026). It reiterates Diana Shipping Inc.'s offer of $24.80 per share in cash.

Does the Amendment change the offer price of GNK shares?

Answer: No change to the offer price is stated. The Amendment references the unsolicited tender offer price of $24.80 per share and adds exhibits; it does not modify the $24.80 cash offer terms.

What exhibits were added in Genco's June 8, 2026 amendment?

Answer: The filing adds three exhibits: (a)(48) LinkedIn advertisements made available June 5, 2026; (a)(49) a LinkedIn post made available June 8, 2026; and (a)(50) a company statement issued June 8, 2026.

Does Amendment No.10 state Genco's recommendation to shareholders?

Answer: The Amendment itself only supplements the Statement with exhibits and does not, in the provided excerpt, state any new or revised recommendation to shareholders regarding the tender offer.

Who signed the Amendment for Genco (GNK)?

Answer: The Amendment is certified and signed by Peter Allen, Chief Financial Officer of Genco Shipping & Trading Limited, with the signature dated June 8, 2026.