[6-K] OceanPal Inc. Current Report (Foreign Issuer)

Rhea-AI Filing Summary

WiSA Technologies (WISA) filed a Form D on 29-Jul-2025 for its subsidiary/affiliate Datavault AI Inc. The notice covers a new, Rule 506(b) exempt equity offering of up to 5 million common shares. No cash proceeds are expected; the shares will be issued in exchange for waivers previously granted by certain holders once stockholder approval is obtained.

Key details:

• Offering status: first sale has yet to occur; duration less than one year.
• Total offering, sold, and remaining amounts: all shown as $0 because issuance is non-cash.
• Securities offered: equity only; no debt or warrants.
• Issuer size: revenue and asset ranges “Decline to disclose.”
• No sales compensation: no broker-dealers or placement agents named; commissions and finder fees $0.
• Management: CEO Nathaniel Bradley, CFO Brett Moyer, plus nine directors.

The filing primarily signals potential share dilution once the 5 million shares are issued, but it does not raise capital or change cash balances.

Positive

• No cash outflow: shares issued for waivers, preserving liquidity.
• No placement fees: zero commissions or finder costs lowers transaction expense.

Negative

• Dilution risk: up to 5 million new shares will expand the float with no cash inflow.
• Lack of financial detail: issuer declined to disclose revenue/asset size, limiting transparency.

Insights

Financial Analyst

TL;DR: Rule 506(b) filing enables non-cash issuance of 5 M shares; neutral cash impact, dilution risk.

This Form D is procedural: WISA/Datavault seeks to issue 5 million new shares to existing holders in exchange for contractual waivers. Because no cash is raised and the holders are presumably accredited, the filing has minimal immediate balance-sheet impact. However, the share count will rise once approved, pressuring EPS and existing ownership percentages. Absence of commissions reduces transaction cost, and Rule 506(b) keeps disclosures private, limiting market visibility. Overall, the event is slightly dilutive but not financially transformative.

FORM 6-K

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 20549

REPORT OF FOREIGN PRIVATE ISSUER PURSUANT TO RULE 13A-16 OR 15D-16

OF THE SECURITIES EXCHANGE ACT OF 1934

For the month of July 2025

Commission File Number: 001-40930

OCEANPAL INC.

(Translation of registrant's name into English)

Pendelis 26, 175 64 Palaio Faliro, Athens, 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 [ ]

INFORMATION CONTAINED IN THIS FORM 6-K REPORT

As of the close of business on July 28, 2025, OceanPal Inc. (the “Company”) had 70,407,833 common shares, par value $0.01 per share (“Common Shares”), issued and outstanding which includes Common Shares issued upon the exercise of the Class C Warrants following the Company’s recent public offering.

The information contained in this Report on Form 6-K is hereby incorporated by reference into the Company’s registration statements on Form F-3 (File Nos. 333-269961 and 333-273073) that were filed with the U.S. Securities and Exchange Commission and became effective on April 18, 2023 and July 14, 2023, respectively.

SIGNATURES

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.

	OCEANPAL INC.
	(registrant)
Dated: July 29, 2025	By:	/s/ Robert Perri
		Robert Perri
		Chief Executive Officer

FAQ

How many shares does WiSA Technologies plan to issue under this Form D?

The notice covers up to 5,000,000 shares of Datavault AI common stock.

Will WiSA (WISA) receive cash proceeds from this offering?

No. The shares are being issued in exchange for waivers; total offering amount is listed as $0.

Under which SEC exemption is the offering being made?

The company claimed Rule 506(b) of Regulation D.

When will the first sale occur?

The filing states "First sale yet to occur"; issuance will follow stockholder approval.

Does the filing involve any broker-dealers or sales commissions?

No. The company reported no associated brokers and $0 in commissions or finder fees.