OP Schedule 13G/A lists 7.31M shares held by Simeon Palios, 14.99% cap

Rhea-AI Filing Summary

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.

Positive

• Insider alignment: Principal shareholder Simeon Palios retains 7.31 M shares (5.17 %), signalling continued commitment to OceanPal.
• Conversion cap: 14.99 % ceiling in the preferred-stock agreement limits potential dilution and control shifts.

Negative

• None.

Insights

Financial Analyst

TL;DR – Neutral filing: Palios confirms a 5.17 % stake; ownership capped at 14.99 %, no control intent.

This Amendment 5 primarily refreshes beneficial-ownership data. Simeon Palios remains OceanPal’s largest named shareholder at 7.31 M shares, while two related entities hold additional—but individually sub-5 %—stakes. The 14.99 % cap in the 2024 preferred-stock Conversion Agreement effectively prevents creeping control or excessive dilution, which should reassure minority investors. Because no purchase, sale, or governance action is announced, the disclosure is informational rather than catalytic. Market impact is therefore expected to be minimal.

SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13G

UNDER THE SECURITIES EXCHANGE ACT OF 1934

(Amendment No. 5)

OceanPal Inc.

(Name of Issuer)

Common Stock, Par Value $0.01 Per Share

(Title of Class of Securities)

Y6430L202

(CUSIP Number)

07/31/2025

(Date of Event Which Requires Filing of this Statement)

Check the appropriate box to designate the rule pursuant to which this Schedule is filed:

Rule 13d-1(b)

Rule 13d-1(c)

Rule 13d-1(d)

SCHEDULE 13G

CUSIP No. Y6430L202

1

Names of Reporting Persons

Simeon Palios

2

Check the appropriate box if a member of a Group (see instructions)

(a)
(b)

3

Sec Use Only

4

Citizenship or Place of Organization

GREECE

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 0.00
6	Shared Voting Power 7,311,648.00
7	Sole Dispositive Power 0.00
8	Shared Dispositive Power 7,311,648.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

7,311,648.00

10

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

11

Percent of class represented by amount in row (9)

5.17 %

12

Type of Reporting Person (See Instructions)

IN

SCHEDULE 13G

CUSIP No. Y6430L202

1

Names of Reporting Persons

Taracan Investments S.A.

2

Check the appropriate box if a member of a Group (see instructions)

(a)
(b)

3

Sec Use Only

4

Citizenship or Place of Organization

MARSHALL ISLANDS

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 0.00
6	Shared Voting Power 4,962,962.00
7	Sole Dispositive Power 0.00
8	Shared Dispositive Power 4,962,962.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

4,962,962.00

10

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

11

Percent of class represented by amount in row (9)

3.49 %

12

Type of Reporting Person (See Instructions)

CO

SCHEDULE 13G

CUSIP No. Y6430L202

1

Names of Reporting Persons

Limon Compania Financiera S.A.

2

Check the appropriate box if a member of a Group (see instructions)

(a)
(b)

3

Sec Use Only

4

Citizenship or Place of Organization

MARSHALL ISLANDS

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 0.00
6	Shared Voting Power 2,348,686.00
7	Sole Dispositive Power 0.00
8	Shared Dispositive Power 2,348,686.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

2,348,686.00

10

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

11

Percent of class represented by amount in row (9)

1.68 %

12

Type of Reporting Person (See Instructions)

CO

Comment for Type of Reporting Person: On October 15, 2024, the Issuer entered into a preferred stock conversion agreement (the "Conversion Agreement") with Limon Compania and Taracan (the "Holders") pursuant to which the Holders, together with their respective affiliates, agree not to exercise, and the Company agrees not to convert, the Holders' shares of Series D Preferred Stock to the extent that after giving effect to such exercise and conversion the Holders and their affiliates would beneficially own in excess of 14.99% of the Issuers' shares of common stock immediately outstanding after giving effect to the issuance of shares of common stock issuable upon exercise and conversion of the shares of Series D Preferred Stock.

SCHEDULE 13G

Item 1.
(a)	Name of issuer: OceanPal Inc.
(b)	Address of issuer's principal executive offices: Pendelis 26, 175 64 Palaio Faliro, Athens, Greece
Item 2.
(a)	Name of person filing: Mr. Simeon Palios ("Palios") Taracan Investments S.A. ("Taracan") Limon Compania Financiera S.A. ("Limon Compania", together with Palios and Taracan, the "Reporting Persons")
(b)	Address or principal business office or, if none, residence: The principal business address of each filer is: c/o Pendelis 16, 175 64 Palaio Faliro, Athens, Greece
(c)	Citizenship: Greece Republic of the Marshall Islands
(d)	Title of class of securities: Common Stock, Par Value $0.01 Per Share
(e)	CUSIP No.: Y6430L202
Item 3.	If this statement is filed pursuant to §§ 240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a:
(a)	Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o);
(b)	Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c);
(c)	Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c);
(d)	Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8);
(e)	An investment adviser in accordance with § 240.13d-1(b)(1)(ii)(E);
(f)	An employee benefit plan or endowment fund in accordance with § 240.13d-1(b)(1)(ii)(F);
(g)	A parent holding company or control person in accordance with § 240.13d-1(b)(1)(ii)(G);
(h)	A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813);
(i)	A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3);
(j)	A non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J). If filing as a non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J), please specify the type of institution:
(k)	Group, in accordance with Rule 240.13d-1(b)(1)(ii)(K).
Item 4.	Ownership
(a)	Amount beneficially owned: Mr. Simeon Palios: 7,311,648 Taracan Investments S.A.: 4,962,962 Limon Compania Financiera S.A.: 2,348,686
(b)	Percent of class: Mr. Simeon Palios: 5.17% Taracan Investments S.A.: 3.49% Limon Compania Financiera S.A.: 1.68%
(c)	Number of shares as to which the person has:
	(i) Sole power to vote or to direct the vote: Mr. Simeon Palios: 0 Taracan Investments S.A.: 0 Limon Compania Financiera S.A.: 0
	(ii) Shared power to vote or to direct the vote: Mr. Simeon Palios: 7,311,648 Taracan Investments S.A.: 4,962,962 Limon Compania Financiera S.A.: 2,348,686
	(iii) Sole power to dispose or to direct the disposition of: Mr. Simeon Palios: 0 Taracan Investments S.A.: 0 Limon Compania Financiera S.A.: 0
	(iv) Shared power to dispose or to direct the disposition of: Mr. Simeon Palios: 7,311,648 Taracan Investments S.A.: 4,962,962 Limon Compania Financiera S.A.: 2,348,686
Item 5.	Ownership of 5 Percent or Less of a Class.
Item 6.	Ownership of more than 5 Percent on Behalf of Another Person.
	Not Applicable
Item 7.	Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company or Control Person.
	Not Applicable
Item 8.	Identification and Classification of Members of the Group.
	Not Applicable
Item 9.	Notice of Dissolution of Group.
	Not Applicable

Item 10.

Certifications:

By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under ?? 240.14a-11.

SIGNATURE

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

Simeon Palios

Signature:	/s/ Simeon Palios
Name/Title:	Simeon Palios
Date:	08/01/2025

Taracan Investments S.A.

Signature:	/s/ Simeon Palios
Name/Title:	Simeon Palios, Principal
Date:	08/01/2025

Limon Compania Financiera S.A.

Signature:	/s/ Simeon Palios
Name/Title:	Simeon Palios, Principal
Date:	08/01/2025

FAQ

How many OceanPal (OP) shares does Simeon Palios currently own?

7,311,648 common shares, representing 5.17 % of the outstanding class.

What are the stakes of Taracan Investments and Limon Compania?

Taracan holds 4,962,962 shares (3.49 %), while Limon Compania holds 2,348,686 shares (1.68 %).

What ownership cap is imposed by the Conversion Agreement?

Palios, Taracan and Limon may not exceed 14.99 % of OceanPal’s common stock after converting Series D preferred shares.

Does the filing state any intent to change control of OceanPal?

No. The certification affirms the shares were not acquired to influence or change control of the issuer.

When is the event date that triggered this Schedule 13G/A?

The triggering event date is 07/31/2025.

What form type was filed and what does it signify?

An Amendment No. 5 to Schedule 13G, which updates passive beneficial ownership of more than 5 %.