OP to effect 1-for-25 reverse split of common shares on Aug 25, 2025
Rhea-AI Filing Summary
OceanPal Inc. announced that its board of directors has approved a one-for-twenty-five reverse stock split of the company’s common shares, par value $0.01 per share, to be effected on August 25, 2025.
The notice was filed on Form 6-K and the company states this information is incorporated by reference into its effective Form F-3 registration statements (File Nos. 333-269961 and 333-273073).
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Insights
Board approved a one-for-25 reverse split effective on August 25, 2025.
A one-for-twenty-five reverse stock split consolidates existing common shares into fewer shares at a proportional ratio; the filing states the board determined to effect this action on August 25, 2025. The notice identifies the share class as common shares with a par value of $0.01 per share.
Shareholders should expect the split to be recorded on the effective date noted; any precise post-split share counts, effects on market price, or related corporate actions are not disclosed in the filing and should be confirmed from subsequent company communications.