OceanPal Inc. (SVRN)

NCM – Real Time Price. Currency in USD

6.19

-0.27 (-4.18%)

Market open: Aug 12, 2026, 1:40 PM EDT

6.46

0.00 (0.00%)

Previous after-hours: Aug 11, 2026, 7:34 PM EDT

03.08.2026

OceanPal Exits Shipping, Retiring All Series C Preferred Stock and Eliminating All Outstanding Debt

The sale of the Company's vessel-owning holding company was settled entirely in OceanPal securities and debt—no cash changed hands, no common stock was issued, and no NEAR was sold. ATHENS, Greece and NEW YORK, Aug. 3, 2026 /PRNewswire/ -- OceanPal Inc. ("OceanPal" or the "Company", NASDAQ: SVRN) today announced that on July 31, 2026 it completed the sale of 100% of the membership interests in OP Vessel Holdco LLC, the subsidiary that held the Company's remaining vessels through wholly owned vessel-owning subsidiaries, to Sezali Inc. The consideration of the transaction consisted of all 12,185 outstanding shares of the Company's 8.0% Series C Cumulative Convertible Perpetual Preferred Stock (the "Series C Preferred Stock"), which were cancelled, and the cancellation of the Company's $5.0 million of outstanding promissory notes.

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03.08.2026

OceanPal Inc. (SVRN)

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OceanPal Inc. (SVRN)

OceanPal Exits Shipping, Retiring All Series C Preferred Stock and Eliminating All Outstanding Debt

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OceanPal Exits Shipping, Retiring All Series C Preferred Stock and Eliminating All Outstanding Debt

OceanPal Exits Shipping, Retiring All Series C Preferred Stock and Eliminating All Outstanding Debt

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Press releases

OceanPal Exits Shipping, Retiring All Series C Preferred Stock and Eliminating All Outstanding Debt

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OceanPal Inc. (SVRN)

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OceanPal Inc. (SVRN)

OceanPal Exits Shipping, Retiring All Series C Preferred Stock and Eliminating All Outstanding Debt

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OceanPal Exits Shipping, Retiring All Series C Preferred Stock and Eliminating All Outstanding Debt

OceanPal Exits Shipping, Retiring All Series C Preferred Stock and Eliminating All Outstanding Debt

Videos

No Data

Press releases

OceanPal Exits Shipping, Retiring All Series C Preferred Stock and Eliminating All Outstanding Debt