Oceanpal Inc SEC Filings

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.

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).

OceanPal Inc. updated its capitalization, reporting 167,402,561 common shares outstanding with a par value of $0.01 per share. The total includes common shares issued upon the exercise of the Company’s Class C Warrants following its recent public offering, so the reported figure reflects the post-exercise share count.

The report also states this disclosure is incorporated by reference into the Company’s Form F-3 registration statements (File Nos. 333-269961 and 333-273073). The filing clarifies the current share count and the composition of issued common stock.

OceanPal Inc. received a Schedule 13G disclosing that several Arena-affiliated investment vehicles and managers report beneficial ownership of Common Stock representing single-digit, material stakes in the company. The largest reported position is 1,600,000 shares (7.9%) held by Arena Investors, LP. Arena Special Opportunities Parallel Investor Vehicle III US, LP reports 1,295,680 shares (6.5%) and Arena Special Opportunities (Offshore) Master, LP reports 304,320 shares (1.6%). The filing explains that the reported shares consist entirely of Common Stock underlying warrants that were exercisable within 60 days of the reporting date, and that the percentage calculations use 18,586,812 shares outstanding as reported in the issuer's prospectus. The cover information identifies Arena Investors and several affiliated GP entities as reporting persons and states that certain manager and GP entities may be deemed to beneficially own shares held by the private investment vehicles. The filing does not state any intent to change or influence control.

OceanPal Inc. (Ticker: OP) – Schedule 13G/A (Amend. 5) dated 07/31/2025 discloses updated insider ownership.

• Simeon Palios beneficially owns 7,311,648 common shares, equal to 5.17 % of the outstanding class. He holds shared voting and dispositive power over the entire position and no sole power.
• Two Marshall Islands entities he controls are listed separately: Taracan Investments S.A. with 4,962,962 shares (3.49 %) and Limon Compania Financiera S.A. with 2,348,686 shares (1.68 %). Each entity likewise has only shared voting/dispositive power.
• A Conversion Agreement signed 15 Oct 2024 limits the combined conversion of Series D preferred stock so that Palios, Taracan and Limon cannot exceed 14.99 % ownership of OceanPal common stock.

The filing affirms that the securities were acquired without intent to influence control of the issuer. No other investors exceed 5 % ownership, and no financial results or transaction details are provided.