OceanPal holders file final Schedule 13D exit
OceanPal Inc. reporting persons Abra Marinvest Inc. and Ioannis Zafirakis filed Amendment No. 24 to their Schedule 13D stating they no longer beneficially own any securities of the company.
Rhea-AI Filing Summary
OceanPal Inc. reporting persons Abra Marinvest Inc. and Ioannis Zafirakis filed Amendment No. 24 to their Schedule 13D stating they no longer beneficially own any securities of the company.
They sold all common Shares by March 19, 2026 and on July 31, 2026 transferred all of their Series C Preferred Stock to OceanPal for cancellation. As of July 31, 2026 they report beneficial ownership of 0 Shares, representing 0% of the common stock, and characterize this amendment as a final exit filing from more than 5% ownership.
Positive
- None.
Negative
- None.
Key Figures
Amendment number: Amendment No. 24
Beneficially owned Shares: 0 Shares
Percent of class: 0%
+5 more
8 metrics
Amendment number
Amendment No. 24
Number of the Schedule 13D/A amendment filed by the reporting persons
Beneficially owned Shares
0 Shares
Shares beneficially owned by each reporting person as of July 31, 2026
Percent of class
0%
Percent of OceanPal common stock beneficially owned as of July 31, 2026
Sole voting power
0 Shares
Sole voting power reported by each reporting person
Shared voting power
0 Shares
Shared voting power reported by each reporting person
Exit threshold
5%
They ceased to be beneficial owners of more than five percent of common stock
Common stock sale date
March 19, 2026
Date by which all common Shares were sold by the reporting persons
Preferred cancellation date
July 31, 2026
Date Series C Preferred Stock was transferred to the issuer for cancellation
Key Terms
beneficial ownership, Series C Preferred Stock, dispositive power, exit filing, +1 more
5 terms
beneficial ownership financial
"may have been deemed to have beneficial ownership and the power to vote"
Beneficial ownership means the person or entity that actually enjoys the benefits of owning shares or other assets — such as receiving dividends, voting rights, or price gains — even if the legal title is held in another name. For investors it matters because knowing who truly controls and profits from a company reveals who can influence decisions, exposes potential conflicts of interest or hidden concentration of power, and affects transparency and risk in the stock.
Series C Preferred Stock financial
"transferred all of their shares of the Issuer's Series C Preferred Stock to the Issuer"
A Series C preferred stock is a specific class of ownership issued during a later funding round that gives holders priority over common shareholders for getting paid and receiving dividends, like having a reserved lane in traffic when money is distributed. It often includes agreed rights such as a fixed payout, protection against dilution, and the option to convert into common shares, so investors treat it as a mix of safety and upside potential.
dispositive power financial
"Sole Dispositive Power 0.00 10 | Shared Dispositive Power 0.00"
Dispositive power is the authority to decide the final outcome of an asset, legal claim, contract, or corporate action — in effect the power to dispose of or resolve something. For investors it matters because whoever holds that authority can determine who gets paid, who controls an asset or vote, and how risks and returns are allocated; think of it like holding the key that lets you lock in the winner or loser in a deal.
exit filing regulatory
"constitutes an exit filing for the Reporting Persons"
percent of class financial
"Percent of class represented by amount in Row (11) 0 %"
Percent of class is the portion of a specific category of securities—such as a company’s common shares, preferred shares, or a bond series—that takes part in or approves a corporate action (vote, consent, tender, etc.). Investors watch this number because it reveals how much support or opposition exists within that particular shareholder group; like counting how many members of a club back a proposal, it can determine whether a plan passes or how influence is distributed.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What does Schedule 13D/A Amendment No. 24 mean for SVRN (OceanPal Inc.)?
Amendment No. 24 reports that Abra Marinvest Inc. and Ioannis Zafirakis no longer beneficially own any OceanPal securities. They now hold 0 Shares, or 0% of the common stock, and this filing is described as a final exit filing.
What happened to the Series C Preferred Stock reported for SVRN (OceanPal Inc.)?
On July 31, 2026, the reporting persons transferred all of their Series C Preferred Stock to OceanPal for cancellation. This transaction, combined with earlier sales of common stock, left them with no beneficial ownership of any OceanPal securities.
What is the current beneficial ownership of SVRN (OceanPal Inc.) by the reporting persons?
As of July 31, 2026, the reporting persons disclose beneficial ownership of 0 Shares, representing 0% of OceanPal’s common stock. They also report zero sole or shared voting and dispositive power over any OceanPal securities.
Why is Amendment No. 24 for SVRN (OceanPal Inc.) called an exit filing?
It is called an exit filing because, as of July 31, 2026, the reporting persons ceased to be beneficial owners of more than five percent (5%) of OceanPal’s common stock, and they report owning no common or preferred shares at all.
Who are the reporting persons in the SVRN (OceanPal Inc.) Schedule 13D/A Amendment No. 24?
The reporting persons are Abra Marinvest Inc., organized in the Marshall Islands, and Ioannis Zafirakis, a citizen of Greece. Both now report zero voting and dispositive power and 0% beneficial ownership in OceanPal Inc.
AI-generated analysis. How Rhea-AI works. Not financial advice.
