PANGAEA LOGISTICS SOLUTION L

Ticker: PANL CUSIP: G6891L105 Class: Foreign Stock

AXQ CAPITAL, LP's Holding History (CIK: 0001916908)

Note: Option positions (PUT/CALL) are excluded.

Q4 2025

Shares 13,730 Value ($000) $94 Avg Close $6.02 Range $4.51 - $7.42

Period	Shares	Value ($000)	Average Close	Price Range
Q4 2025	13,730	$94	$6.02	$4.51 - $7.42