SEC Info - Pyxis Tankers Inc. - ‘F-1/A’ on 9/28/20

Exhibit 8.1

	Seward & Kissel llp ONE BATTERY PARK PLAZA NEW YORK, NEW YORK 10004

	TELEPHONE: (212) 574-1200 FACSIMILE: (212) 480-8421 WWW.SEWKIS.COM	901 K Street, NW WASHINGTON, D.C. 20001 TELEPHONE: (202) 737-8833 FACSIMILE: (202) 737-5184

September 28, 2020

Pyxis Tankers Inc.

59 K. Karamanli Street

Maroussi 15125 Greece

Re: Pyxis Tankers Inc.

Ladies and Gentlemen:

We have acted as United States and Marshall Islands counsel to Pyxis Tankers Inc. (the “Company”), a Marshall Islands corporation, in connection with the Company’s registration statement on Form F-1 (File No. 333- 245405) (the “Registration Statement”), as filed with the U.S. Securities and Exchange Commission (the “Commission”), as thereafter amended or supplemented, with respect to the public offering of (i) up to 230,000 Units (the “Units”) each consisting of (ii) one share of the Company’s 7.75% Series A Cumulative Convertible Preferred Shares, par value $0.001 per share (the “Series A Preferred Shares”), for a total of up to 230,000 Series A Preferred Shares, which are convertible into 4,107,800 of the Company’s common shares, par value $0.001 per share (the “Common Shares”) , subject to adjustments pursuant to its terms (the “Investor Conversion Shares”), and (iii) eight public warrants (the “Public Warrants”), for a total of 1,840,000 Public Warrants; which are exercisable for 1,840,000 Common Shares, subject to adjustments pursuant to its terms (the “Public Warrant Shares”), and separately from the Units, (iv) two separate underwriter warrants (the “Underwriter Warrants” and collectively with the Public Warrants, the “Warrants”), the first of which is exercisable to purchase up to 2,000 Series A Preferred Shares, which are convertible into 35,720 Common Shares, subject to adjustments pursuant to its terms (the “Underwriter Warrant Conversion Shares” and together with the Investor Conversion Shares, the “Series A Preferred Conversion Shares”) and the second of which is exercisable for Public Warrants to purchase up to 16,000 Common Shares, subject to adjustment pursuant to its terms (the “Underwriter Warrant Shares” and together with the Public Warrant Shares, the “Warrant Shares” and collectively with the Units, Series A Preferred Shares, Series A Preferred Conversion Shares, Warrants and Common Shares, the “Securities”).

In formulating our opinions, we have examined such documents as we have deemed appropriate, including the Registration Statement and the prospectus contained therein. We have also obtained such additional information as we have deemed relevant and necessary from representatives of the Company.

Capitalized terms not defined herein have the meanings ascribed to them in the Registration Statement.

Based on the facts as set forth in the Registration Statement, and in particular, on the representations, covenants, assumptions, conditions and qualifications described in the Registration Statement in the section entitled “Taxation”, we hereby confirm that the opinions of Seward & Kissel LLP with respect to United States federal income tax matters and Marshall Islands tax matters expressed in the Registration Statement in the section entitled “Taxation” are our opinions and accurately state our views as to the tax matters discussed therein.

Our opinions are based on the current provisions of the U.S. Internal Revenue Code of 1986, as amended, the Treasury Regulations promulgated thereunder, published pronouncements of the Internal Revenue Service, which may be cited or used as precedents, and case law and applicable Marshall Islands tax law as in effect on the date hereof, any of which may be changed at any time with retroactive effect. No opinion is expressed on any matters other than those specifically referred to above.

We hereby consent to the filing of this opinion as an exhibit to the Registration Statement, and to each reference to us and the discussions of advice provided by us in the section entitled “Taxation” in the Registration Statement, without admitting we are “experts” within the meaning of the Securities Act or the rules and regulations of the Commission promulgated thereunder with respect to any part of the Registration Statement.

	Very truly yours, /s/ *Seward & Kissel LLP*

This ‘F-1/A’ Filing	Date	Other Filings

Filed on:	9/28/20	CORRESP, FWP
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Pyxis Tankers Inc. – ‘F-1/A’ on 9/28/20 – ‘EX-8.1’

On: Monday, 9/28/20, at 8:54am ET · Accession #: 919574-20-6034 · File #: 333-245405

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Pre-Effective Amendment to Registration Statement by a Foreign Issuer — Form F-1
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‘EX-8.1’ — Opinion of Counsel re: Tax Matters

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