UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

Form 6-K

REPORT OF FOREIGN PRIVATE ISSUER

PURSUANT TO RULE 13a-16 OR 15d-16 UNDER

THE SECURITIES EXCHANGE ACT OF 1934

For the month of ~~June~~July 2017

Commission File Number: 001-33655

PARAGON SHIPPING INC.

(Name of Registrant)

15 Karamanli Ave., GR 166 73, Voula, Greece

(Address of principal executive office)

Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F. Form 20-F x ☒ Form 40-F ¨☐

Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(1): ¨☐

Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(7): ¨☐

On July ~~June 15~~28, 2017, Paragon Shipping Inc. (the "“Company"”) ~~reconvened~~filed ~~its~~an ~~2017~~amendment ~~annual~~to ~~meeting~~its ofAmended ~~shareholders~~and ~~(the~~Restated ~~"Annual~~Articles ~~Meeting")~~of ~~in Voula, Greece,~~Incorporation ~~pursuant~~ to effectuate a ~~Notice~~reverse ofstock ~~Annual~~split ~~Meeting~~ of ~~Shareholders~~the ~~dated~~Company’s ~~April~~issued ~~19,~~and ~~2017,~~outstanding ~~which~~shares ~~Annual~~of ~~Meeting~~common ~~was~~stock, ~~called~~par tovalue ~~order~~$0.001 ~~on May 31,~~per ~~2017~~share. ~~and~~A ~~adjourned~~copy inof ~~order~~the toamendment ~~permit~~is ~~additional~~attached ~~time~~hereto toas ~~solicit~~Exhibit ~~stockholder votes~~3.01.

AtAs previously ~~the~~disclosed ~~Annual~~on ~~Meeting,~~a ~~the~~Form ~~following proposals~~6-K filed on June 15, ~~which~~2017, ~~are~~on ~~set~~June ~~forth~~15, in2017, ~~more~~the ~~detail~~shareholders inof the ~~Notice~~Company authorized the Company’s Board of ~~Annual~~Directors ~~Meeting~~(the “Board of ~~Shareholders~~Directors”) ~~and~~to effect one or more reverse splits of the Company'’s ~~Proxy~~issued ~~Statement~~and ~~sent~~outstanding common stock at a ratio within the range from 1-for-2 up to ~~shareholders~~1-for-1,000, onat orany ~~around~~time ~~April~~prior 21to June 15, ~~2017~~2018, ~~were~~at ~~approved~~the discretion ~~and~~of ~~adopted:~~the Board of Directors.

On July 11, 2017, the Board of Directors authorized a reverse stock split at a ratio of 1-for-100 (the “Reverse Split”) which became effective with the Republic of the Marshall Islands at 12:01 a.m. ToNew ~~elect~~York ~~two~~time ~~Class~~(5:01 Ap.m. ~~Directors~~Marshall Islands time) on July 31, 2017. The Reverse Split will become effective with the OTC Markets at the open of business on July 31, 2017. As a result of the Reverse Split, every 100 shares of the Company’s pre-reverse split common stock will be combined and reclassified into one ~~Class~~share Bof ~~Director~~the Company’s common stock. No fractional shares of common stock will be issued as a result of the ~~Company~~Reverse Split. Stockholders who otherwise would be entitled to ~~serve~~a ~~until~~fractional share shall receive the ~~2020~~next ~~Annual~~higher ~~Meeting~~number of ~~Shareholders;~~whole shares.

2.The par Tovalue ~~consider~~ and ~~vote~~other ~~upon~~terms aof ~~proposal~~Company’s tocommon ~~ratify~~stock ~~the~~were ~~appointment~~not ofaffected ~~Ernst~~by &the ~~Young~~reverse ~~(Hellas)~~stock ~~Certified~~split. ~~Auditors~~The Company’s post-~~Accountants~~reverse split Scommon shares have a new CUSIP number, Y6728Q202.A. The Company’s transfer agent, asComputershare ~~our~~Trust ~~independent~~Company ~~registered~~Inc. ~~public~~is acting ~~accounting~~as ~~firm~~exchange agent for the ~~fiscal~~Reverse ~~year~~Split ~~ending~~and ~~December~~will ~~31,~~send ~~2017;~~instructions ~~and~~to shareholders of record regarding the exchange of certificates for common stock.

3.The following Toexhibit grant discretionary authority to the Company’s board of directors to (A) amend the Amended and Restated Articles of Incorporation of the Company to effect one or more consolidations of the issued and outstanding shares of common stock, pursuant to which the shares of common stock would be combined and reclassified into one share of common stock ratios within the range from 1-for-2 up to 1-for-1,000 (the “Reverse Stock Split”) and (B) determine whether to arrange for the disposition of fractional interests by shareholder entitled thereto, to pay in cash the fair value of fractions of a share of common stock as of the time when those entitled to receive such fractions are determined, or to entitle shareholder to receive from the Company’s transfer agent, in lieu of any fractional share, the number of shares of common stock rounded up to the next whole number, provided that, (X) that the Company shall not effect Reverse Stock Splits that, in the aggregate, exceeds 1-for-1,000, and (Y) any Reverse Stock Split is ~~completed~~filed ~~no later than the first anniversary of the date of the Annual Meeting.~~herewith:

Exhibit Number		Description

3.01		Articles of Amendment to the Amended and Restated Articles of Incorporation, as filed with the Registrar of Corporations of the Marshall Islands on July 28, 2017.

SIGNATURE

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

PARAGON SHIPPING INC. Date: June 15, 2017 By: /s/ GEORGE SKRIMIZEAS George Skrimizeas Chief Operating Officer

	PARAGON SHIPPING INC.

Date: July 31, 2017	By:	/s/ GEORGE SKRIMIZEAS
	George Skrimizeas Chief Operating Officer

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