Maroussi, Greece – December 21, 2021 – Pyxis Tankers Inc. (NASDAQ Cap Mkts: PXS) (the “Company” or “Pyxis Tankers”), an international pure play product tanker company, announced today that pursuant to a previously announced transaction, on December 20, 2021, the Company took delivery of the Pyxis Lamda, a 50,296 dwt medium range product tanker built in 2017 at SPP Shipbuilding in South Korea. The Pyxis Lamda was acquired from an entity related to the family of our Company’s Chairman and Chief Executive Officer, for a purchase price of $32 million (the “Lamda Acquisition”). After her first special survey, the Pyxis Lamda will seek commercial employment in early January, 2022.