OceanPal Inc. filings document a foreign private issuer with shipping operations, a NEAR Protocol treasury strategy and recurring capital-structure activity. Form 6-K reports cover financial results, vessel revenue, staking reward income, reverse stock splits, articles amendments, Nasdaq listing compliance matters and updates incorporated by reference into the company’s shelf registration statements.
The filing record also addresses governance and reporting controls, including director changes, corporate secretary changes and engagement of an independent registered public accounting firm. Registration and current-report disclosures describe common shares, warrants, offering activity, risk and compliance topics, and the company’s transition from a pure shipping operator toward a diversified model that includes SovereignAI Services LLC.
OceanPal Inc. (OP) – Schedule 13D/A (Amend. 18, filed 01-Aug-25)
Abrá Marinvest Inc. and its sole owner/director Ioannis Zafirakis disclose beneficial ownership of 18,814,814 common shares through conversion rights in 3,104 Series D and 1,214 Series C preferred shares. The stake equals 12.04 % of the 137,400,215 shares outstanding as of 31 Jul 25. Voting and dispositive power over these shares is shared; none are held directly as common stock.
The reported percentage fell versus prior amendments because OceanPal’s share count expanded and the preferred conversion prices were adjusted. The reporting persons also sold 7,033 Series D preferred shares on 15 Oct 24, further reducing potential ownership. Zafirakis, who remains a director and Executive Committee member, states the holdings are for investment purposes but may increase, decrease, or be used to influence strategic alternatives aimed at enhancing shareholder value.
No other individuals share beneficial ownership, and there were no common-stock transactions within the past 60 days.
OceanPal Inc. (OP) – Schedule 13D/A (Am. No. 12) discloses updated ownership information for director Eleftherios Papatrifon as of 22 Jul 2025.
- Beneficial ownership: 1,438,610 common shares (via conversion rights on Series C & Series D preferred) representing 7.18 % of the 18,568,812 shares outstanding.
- Components: 915 Series D preferred shares convertible into 618,285 common shares (3.09 % of class) and 1,214 Series C preferred shares convertible into 820,325 common shares (4.10 %). All voting and dispositive power is sole.
- Reason for change: Drop in percentage ownership stems from a rise in OceanPal’s outstanding common stock and revised conversion prices on both preferred series; absolute share count held is unchanged.
- Intent: Holding is for investment. As a board member, Papatrifon may buy or sell additional shares or engage in actions to enhance shareholder value, but no specific plans are announced.
No transactions occurred in the past 60 days, and there are no outstanding contracts or legal proceedings affecting the disclosed stake.
OceanPal Inc. (OP) – Schedule 13D/A Amendment No. 37 (filed 24-Jul-25)
The filing updates the ownership of Semiramis Paliou and her Marshall-Islands entities Tuscany Shipping Corp. and 4 Sweet Dreams S.A. Following an increase in OceanPal’s outstanding common shares to 18,586,812 and a lower conversion price on Series C and Series D preferred stock, the reporting group’s deemed beneficial holding remains 9,718,898 common shares (via preferred-stock convertibles) but now equals 34.34 % of the class, down from prior periods.
- Tuscany Shipping: 9,404 Series D preferred shares, convertible into 6,354,483 common shares (25.48 %).
- 4 Sweet Dreams: 1,339 Series D and 3,640 Series C preferred shares, together convertible into 3,364,415 common shares (15.33 %).
- Semiramis Paliou controls 100 % of both entities; she holds no common shares directly but shares voting/dispositive power over the full 9.7 m shares.
The preferred stock carries 49 % conversion caps, limiting any single conversion from creating majority ownership. In addition, Paliou holds 1,200 super-voting Series E preferred shares, granting up to 25,000 votes each (capped at 15 % of total votes) until OceanPal’s Series B preferred is cancelled or transferred.
No open-market transactions were executed in the past 60 days. The securities are held for investment; the group may buy or sell further shares and continues to engage with management on ways to enhance shareholder value.
Schedule 13D/A (Amend. 17) – OceanPal Inc. (OP) details changes in the equity position of insider group Abra Marinvest Inc. and Ioannis Zafirakis.
- Current indirect ownership: 3,104 Series D and 1,214 Series C preferred shares, convertible into 2,917,764 common shares.
- Ownership percentage: 13.57 % of the 18,586,812 common shares outstanding as of 22 Jul 2025.
- Voting/dispositive power: 0 sole / 2,917,764 shared.
- Change driver: % fell due to a rise in OceanPal’s outstanding share count and a lower conversion price on both preferred series.
- Purpose: Investment; Zafirakis sits on the board and may buy, sell or influence strategy. No transactions in the past 60 days.
No new contracts, litigation or financing arrangements were disclosed.