Common Stock, $.001 par value
- Symbol
- SLNG
- Exchange
- NASDAQ
- Classification
- COMMON
Current Report · Items 1.02, 9.01 · 8-K
Stabilis Solutions, Inc.
SLNGNASDAQEQUITYCurrent
Termination of a Material Definitive Agreement
Item 1.02 Termination of a Material Definitive Agreement. As previously disclosed, Stabilis GDS, Inc. (“Stabilis GDS”), a wholly-owned subsidiary of Stabilis Solutions, Inc. (“Stabilis” and, together with Stabilis GDS, the “Company”), entered into a time charter agreement dated December 12, 2025 (as subsequently amended, the “Charter”) with Seaspan Energy Ltd.…
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Registered securities in this filing
Stabilis Solutions, Inc. · 8-K · Filed 2026-06-25
Disclosure sections
Item 1.02Item 1.02 - Termination of Material Agreement
Item 1.02 Termination of a Material Definitive Agreement.
As previously disclosed, Stabilis GDS, Inc. (“Stabilis GDS”), a wholly-owned subsidiary of Stabilis Solutions, Inc. (“Stabilis” and, together with Stabilis GDS, the “Company”), entered into a time charter agreement dated December 12, 2025 (as subsequently amended, the “Charter”) with Seaspan Energy Ltd. (the “Owners”) for the time charter of the liquefied natural gas bunkering vessel Seaspan Garibaldi.
On June 11, 2026, Stabilis GDS and the Owners entered into a Termination Option Agreement granting the Owners an option to terminate the Charter. On June 24, 2026, the Owners exercised that option, and the Charter terminated effective June 24, 2026.
In connection with the termination, Stabilis GDS is obligated to pay the Owners an early termination fee of $750,000, due January 1, 2027, as well as certain amounts that had previously accrued under the Charter totaling approximately $1.1 million payable in two installments during the third quarter of 2026.