LookSmart Announces Spin-Off and Definitive Merger Agreement with Pyxis

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Go back to LookSmart Announces Spin-Off and Definitive Merger Agreement with Pyxis

Looksmart (LOOK), Pyxis Tankers Enter Merger Agreement

April 23, 2015 5:11 PM EDT

Looksmart (NASDAQ: LOOK) and privately-held Pyxis Tankers Inc. ("Pyxis") today jointly announced that they have entered into an Agreement and Plan of Merger (the "Merger Agreement"), whereby Pyxis will become a publicly listed company as a result of the merger between LookSmart, Ltd. ("LookSmart") and Pyxis' wholly-owned subsidiary, Maritime Technologies Corp., a Delaware corporation. In addition, LookSmart will spin off its existing business into a new entity called LookSmart Group, Inc. ("LookSmart Group").

Pyxis Tankers Inc.

Pyxis Tankers Inc. is a newly formed international maritime... More