OceanPal (OP) amends charter to effect reverse stock split on Aug 22, 2025
Rhea-AI Filing Summary
OceanPal Inc. filed an amendment to its Amended and Restated Articles of Incorporation with the Registrar of Corporations of the Republic of the Marshall Islands on August 22, 2025 to effect a reverse stock split. The Form 6-K states that Exhibit 3.1 is the Articles of Amendment implementing that corporate action. The report also notes that this Form 6-K information is incorporated by reference into the company’s previously effective Form F-3 registration statements dated April 18, 2023 and July 14, 2023. The filing is signed by Robert Perri, Chief Executive Officer.
Positive
- Articles of Amendment filed with the Registrar on August 22, 2025 to effect the reverse stock split
- Disclosure incorporated by reference into Form F-3 registration statements effective April 18, 2023 and July 14, 2023
Negative
- None.
Insights
Company filed Articles of Amendment to implement a reverse stock split on Aug 22, 2025.
The filing of Exhibit 3.1 with the Registrar of Corporations of the Republic of the Marshall Islands documents the corporate action: a reverse stock split. This Form 6-K explicitly incorporates that Exhibit into the company’s Form F-3 registration statements effective April 18, 2023 and July 14, 2023, which may affect the registration statements’ disclosure by reference.
This is a procedural disclosure confirming the legal effect of the corporate amendment; the document contains no additional terms of the reverse split such as split ratio or effective trading date.
The company has legally executed a reverse split; specific ratio and timing are not disclosed here.
The Form 6-K confirms the Articles of Amendment were filed on August 22, 2025 to effect the reverse stock split, which is a corporate-capital structure change. The report does not state the split ratio, record date, or when the new share count becomes effective for trading.
Because key operational details are absent from this filing, market participants would need subsequent disclosure or exchange notifications to assess share count and per-share effects.