Annonce • May 01
OceanPal Inc. announced delayed 20-F filing On 04/30/2026, OceanPal Inc. announced that they will be unable to file their next 20-F by the deadline required by the SEC. Annonce • Mar 28
OceanPal Inc. Announces Management Changes, Effective March 25, 2026 OceanPal Inc. announced that on March 25, 2026, Margarita Veniou tendered her resignation as Chief Corporate Development & Governance Officer and Secretary of OceanPal Inc., effective immediately. Also on March 25, 2026, the Board unanimously appointed Rabbina Aziz to serve as Corporate Secretary of the Company, effective immediately. Reported Earnings • Mar 27
Full year 2025 earnings released: US$9.09 loss per share (vs US$66.07 loss in FY 2024) Full year 2025 results: US$9.09 loss per share. Revenue: US$14.1m (down 45% from FY 2024). Net loss: US$70.0m (loss widened 255% from FY 2024). Annonce • Mar 27
Oceanpal Inc Provides Earning Guidance for 2026 OceanPal Inc. provided earning guidance for 2026. For the year, the company expects Total Revenue; Current Spot in range of $16.6 million- $17.6 million, Avg. Price of 2025 in range $20.5 million - $21.5 million and High Price 2025 in range of $30.1 million - $31.1 million. New Risk • Mar 23
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended June 2025. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (22% average weekly change). Earnings have declined by 63% per year over the past 5 years. Shareholders have been substantially diluted in the past year (over 102x increase in shares outstanding). Market cap is less than US$10m (US$7.68m market cap). Minor Risk Latest financial reports are more than 6 months old (reported June 2025 fiscal period end). New Risk • Mar 17
New major risk - Market cap size The company's market capitalization is less than US$10m. Market cap: US$8.15m This is considered a major risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (21% average weekly change). Earnings have declined by 63% per year over the past 5 years. Shareholders have been substantially diluted in the past year (over 102x increase in shares outstanding). Market cap is less than US$10m (US$8.15m market cap). Annonce • Jan 23
OceanPal Inc. Announces Board and Committee Changes, Effective January 20, 2026 OceanPal Inc. announced that on January 20, 2026, Mr. Grigorios-Filippos Psaltis resigned from the Board of Directors and as a member of the Company's Compensation Committee, effective immediately. Also on January 20, 2026, effective immediately following Mr. Psaltis' resignation, the Company appointed Mr. James Gereghty, Jr. to serve as a Class II director on the Board for the remainder of Mr. Psaltis' term. Mr. Gereghty will also join the Board's Audit Committee. Mr. Gereghty is an experienced investment advisor who has extensive knowledge of the financial advisory services industry. Mr. Gereghty currently serves as the Managing Partner of Kips Bay Consulting LLC, a financial advisor firm, a role he has held since 2020. Since 2019, Mr. Gereghty has also served as the Managing Director and Partner of Solaia Capital Advisors LLC, an investment management firm. Mr. Gereghty sits on the board of directors of various private companies and institutions including Kips Bay Consulting, LLC, Falls Bridge Capital, LLC, Duke School of Medicine, Duke Cancer Institute, and the Community Center of Northern Westchester. Mr. Gereghty received a Bachelor of Arts in Economics and Political Science from the University of Connecticut as well as a Master of Business Administration from Duke University's Fuqua School of Business. Annonce • Dec 02
OceanPal Inc. (NasdaqCM:SVRN) announces an Equity Buyback for $10 million worth of its shares. OceanPal Inc. (NasdaqCM:SVRN) announces a share repurchase program. Under the program, the company will repurchase up to $10 million worth of its shares. Annonce • Oct 30
OceanPal Inc. has filed a Follow-on Equity Offering in the amount of $20.127131 million. OceanPal Inc. has filed a Follow-on Equity Offering in the amount of $20.127131 million.
Security Name: Common Stock
Security Type: Common Stock
Transaction Features: At the Market Offering Reported Earnings • Sep 10
First half 2025 earnings released: US$39.63 loss per share (vs US$34.63 loss in 1H 2024) First half 2025 results: US$39.63 loss per share (further deteriorated from US$34.63 loss in 1H 2024). Revenue: US$6.16m (down 50% from 1H 2024). Net loss: US$11.9m (loss widened 15% from 1H 2024). Reported Earnings • Aug 10
First half 2025 earnings released: US$1.59 loss per share (vs US$1.39 loss in 1H 2024) First half 2025 results: US$1.59 loss per share (further deteriorated from US$1.39 loss in 1H 2024). Revenue: US$6.16m (down 50% from 1H 2024). Net loss: US$11.9m (loss widened 15% from 1H 2024). New Risk • Jul 28
New major risk - Shareholder dilution The company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 148% This is considered a major risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-US$22m free cash flow). Share price has been highly volatile over the past 3 months (52% average weekly change). Earnings have declined by 56% per year over the past 5 years. Shareholders have been substantially diluted in the past year (148% increase in shares outstanding). Market cap is less than US$10m (US$3.46m market cap). Annonce • Jul 22
OceanPal Inc. has completed a Composite Units Offering in the amount of $17.999984 million. OceanPal Inc. has completed a Composite Units Offering in the amount of $17.999984 million.
Security Name: Units
Security Type: Equity/Derivative Unit
Price\Range: $1.64
Discount Per Security: $0.1148
Security Name: Units
Security Type: Equity/Derivative Unit
Price\Range: $1.63
Discount Per Security: $0.1141 New Risk • Jul 14
New major risk - Financial position The company has less than a year of cash runway based on its current free cash flow trend. Free cash flow: -US$22m This is considered a major risk. With less than a year's worth of cash, the company will need to raise capital or take on debt unless its cash flows improve. This would dilute existing shareholders or increase balance sheet risk. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-US$22m free cash flow). Share price has been highly volatile over the past 3 months (44% average weekly change). Earnings have declined by 56% per year over the past 5 years. Minor Risk Market cap is less than US$100m (US$10.2m market cap). Annonce • Jun 19
OceanPal Inc. has filed a Follow-on Equity Offering. OceanPal Inc. has filed a Follow-on Equity Offering.
Security Name: Units
Security Type: Equity/Derivative Unit
Securities Offered: 9,316,770 New Risk • Jun 13
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of American stocks, typically moving 36% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-US$22m free cash flow). Share price has been highly volatile over the past 3 months (36% average weekly change). Earnings have declined by 56% per year over the past 5 years. Market cap is less than US$10m (US$5.43m market cap). Annonce • Apr 29
OceanPal Inc., Annual General Meeting, May 20, 2025 OceanPal Inc., Annual General Meeting, May 20, 2025. Reported Earnings • Apr 09
Full year 2024 earnings released: US$2.64 loss per share (vs US$2.02 loss in FY 2023) Full year 2024 results: US$2.64 loss per share (further deteriorated from US$2.02 loss in FY 2023). Revenue: US$25.7m (up 36% from FY 2023). Net loss: US$19.7m (loss widened 194% from FY 2023). Reported Earnings • Dec 26
Third quarter 2024 earnings released: US$0.083 loss per share (vs US$1.06 loss in 3Q 2023) Third quarter 2024 results: US$0.083 loss per share (improved from US$1.06 loss in 3Q 2023). Revenue: US$7.50m (up 94% from 3Q 2023). Net loss: US$616.0k (loss narrowed 84% from 3Q 2023). New Risk • Dec 17
New major risk - Market cap size The company's market capitalization is less than US$10m. Market cap: US$9.57m This is considered a major risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risks Earnings have declined by 51% per year over the past 5 years. Market cap is less than US$10m (US$9.57m market cap). Annonce • Sep 19
Ioannis Zafirakis Engages in Discussions with OceanPal On September 18, 2024, Ioannis Zafirakis announced that he is in contact with members of OceanPal Inc.'s management, the other members of the Company's Board of Directors, other significant shareholders and others regarding alternatives that the Company could employ to increase shareholder value. Annonce • Aug 29
Ioannis Zafirakis Engages in Discussions with OceanPal On August 28, 2024, Ioannis Zafirakis announced that he is in contact with members of OceanPal Inc.'s management, the other members of the Company's Board of Directors, other significant shareholders and others regarding alternatives that the Company could employ to increase shareholder value. Reported Earnings • Aug 12
Second quarter 2024 earnings released: US$1.16 loss per share (vs US$0.28 profit in 2Q 2023) Second quarter 2024 results: US$1.16 loss per share (down from US$0.28 profit in 2Q 2023). Revenue: US$6.74m (up 25% from 2Q 2023). Net loss: US$8.62m (down US$9.12m from profit in 2Q 2023). Reported Earnings • Jun 11
First quarter 2024 earnings released: US$0.23 loss per share (vs US$0.51 loss in 1Q 2023) First quarter 2024 results: US$0.23 loss per share. Revenue: US$5.69m (up 46% from 1Q 2023). Net loss: US$1.70m (loss widened 260% from 1Q 2023). Reported Earnings • Apr 15
Full year 2023 earnings released: US$2.02 loss per share (vs US$17.18 loss in FY 2022) Full year 2023 results: US$2.02 loss per share. Revenue: US$19.0m (flat on FY 2022). Net loss: US$6.71m (loss widened 151% from FY 2022). Annonce • Apr 12
Semiramis Paliou Engages in Discussions with OceanPal On April 11, 2024, Semiramis Paliou announced that she is in contact with members of the OceanPal Inc.’s management, the members of the Company’s Board of Directors, other significant shareholders and others regarding alternatives that the Company could employ to increase shareholder value. Annonce • Apr 04
OceanPal Inc., Annual General Meeting, May 17, 2024 OceanPal Inc., Annual General Meeting, May 17, 2024, at 08:00 US Eastern Standard Time. Agenda: To consider election of two Class III Directors (the “Management Director Nominees”) to serve until the 2027 annual meeting of shareholders (“Company Proposal One”); to consider and to approve the appointment of Ernst & Young (Hellas) Certified Auditors Accountants S.A. as the Company’s independent auditors for the fiscal year ending December 31, 2024 (“Company Proposal Two” and together with Company Proposal One, the “Company Proposals”); and to consider other matters. Annonce • Mar 29
Ioannis Zafirakis Engages with OceanPal On March 28, 2024, Ioannis Zafirakis announced that he in contact with members of the OceanPal Inc's management, the members of the Company's Board of Directors, other significant shareholders and others regarding alternatives that the Company could employ to increase shareholder value. Annonce • Mar 07
Ioannis Zafirakis Engages with OceanPal On March 7, 2024, Ioannis Zafirakis announced that he in contact with members of the OceanPal Inc's management, the members of the Company's Board of Directors, other significant shareholders and others regarding alternatives that the Company could employ to increase shareholder value. Annonce • Jan 23
Anastasios Margaronis Engages in Discussions with OceanPal Inc On January 22, 2024, Anastasios Margaronis announced that he is in contact with members of OceanPal Inc’s management, the members of the Company’s Board of Directors, other significant shareholders and others regarding alternatives that the Company could employ to increase shareholder value Annonce • Jan 12
Semiramis Paliou Engages in Discussions with OceanPal Inc On January 11, 2024, Semiramis Paliou announced that she is in contact with members of the OceanPal Inc’s management, the members of the Company’s Board of Directors, other significant shareholders and others regarding alternatives that the Company could employ to increase shareholder value. Reported Earnings • Dec 11
Third quarter 2023 earnings released: US$1.06 loss per share (vs US$2.70 profit in 3Q 2022) Third quarter 2023 results: US$1.06 loss per share (down from US$2.70 profit in 3Q 2022). Revenue: US$3.87m (down 24% from 3Q 2022). Net loss: US$3.89m (down US$4.29m from profit in 3Q 2022). Reported Earnings • Aug 10
Second quarter 2023 earnings released: EPS: US$0.27 (vs US$1.05 in 2Q 2022) Second quarter 2023 results: EPS: US$0.27. Revenue: US$5.40m (up 18% from 2Q 2022). Net income: US$483.0k (up 208% from 2Q 2022). Profit margin: 9.0% (up from 3.4% in 2Q 2022). The increase in margin was driven by higher revenue. New Risk • Jul 14
New minor risk - Dividend sustainability The dividend is not well covered by cash flows. The company is paying a dividend despite having no free cash flows. Dividend yield: 2,469% This is considered a minor risk. Dividends are ultimately paid out of the company's available cash reserves. Companies that pay out too much of their cash flow are at risk of having to reduce or cut their dividend in future. If cash flow growth slows or cash flows fall, then there may not be enough cash reserves to maintain the same dividend. Or in extreme cases, companies may opt to take on debt to maintain the dividend. This risk is mitigated by the fact the dividend is covered by earnings, however, cash flows are generally more important. For dividend paying companies, any reduction in the dividend can significantly impact the share price. Currently, the following risks have been identified for the company: Major Risks Shareholders have been substantially diluted in the past year (over 22x increase in shares outstanding). Market cap is less than US$10m (US$5.75m market cap). Minor Risks Paying a dividend despite having no free cash flows. Share price has been volatile over the past 3 months (13% average weekly change). Annonce • Jun 28
OceanPal Regains Compliance with Nasdaq Minimum Bid Price Requirement OceanPal Inc. (the “Company”) announced that on June 23, 2023, the Company received notification from the Nasdaq Listing Qualifications department of The Nasdaq Stock Market confirming it has cured the minimum bid price deficiency regaining compliance with Listing Rule 5550(a)(2) and this matter is now closed. Reported Earnings • Jun 18
First quarter 2023 earnings released: US$0.51 loss per share (vs US$1.68 profit in 1Q 2022) First quarter 2023 results: US$0.51 loss per share (down from US$1.68 profit in 1Q 2022). Revenue: US$3.89m (up 192% from 1Q 2022). Net loss: US$472.0k (down US$546.0k from profit in 1Q 2022). Annonce • Feb 10
OceanPal Inc. has completed a Composite Units Offering in the amount of $15.15 million. OceanPal Inc. has completed a Composite Units Offering in the amount of $15.15 million.
Security Name: Units
Security Type: Equity/Derivative Unit
Securities Offered: 15,000,000 Annonce • Feb 03
OceanPal Inc. Announces Appointment of Robert Perri as Chief Executive Officer OceanPal Inc. announced that it has appointed Robert Perri as the Company’s new Chief Executive Officer, effective as of February 2, 2023. Mr. Perri replaces Mr. Eleftherios Papatrifon, who has served as the Company’s Chief Executive Officer since November 2021 and who will continue to serve as a Class II director.Mr. Perri has over fifteen years of shipping company experience, including five years as the Chief Financial Officer of two US-listed companies, and five years as the Chief Financial Officer of a private shipping company. In addition, Mr. Perri spent ten years in equity research for several investment banks covering various industries including shipping, technology and IT services. Mr. Perri received his Bachelor of Science degree in Accounting and Finance from Drexel University in 1995 and received his MBA with a focus on finance and banking from SDA Bocconi in 1999. He is also a member of the Chartered Financial Analyst (CFA) Institute and a CFA charterholder. Annonce • Jan 12
OceanPal Regains Compliance with Nasdaq Minimum Bid Price Requirement OceanPal Inc. announced that on January 9, 2023, the Company received notification from the Nasdaq Listing Qualifications department of The Nasdaq Stock Market confirming it has cured the minimum bid price deficiency regaining compliance with Listing Rule 5550(a)(2) and this matter is now closed. Board Change • Nov 16
Less than half of directors are independent Following the recent departure of a director, there are only 3 independent directors on the board. The company's board is composed of: 3 independent directors. 4 non-independent directors. Independent Director Nikolaos Veraros was the last independent director to join the board, commencing their role in 2021. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Annonce • Aug 03
Oceanpal Inc. Declares Cash Dividend for the Second Quarter Ended June 30, 2022, Payable on or About August 31, 2022 OceanPal Inc. declared a cash dividend on its common stock of $0.01 per share for the second quarter ended June 30, 2022. The cash dividend will be payable on or about August 31, 2022 to all common shareholders of record as of August 12, 2022. Annonce • Jun 04
OceanPal Inc. Declares Cash Dividend on Common Stock for the First Quarter Ended March 31, 2022, Payable on or About June 21, 2022 OceanPal Inc. declared cash dividend on its common stock of $0.01 per share for the first quarter ended March 31, 2022. The cash dividend will be payable on or about June 21, 2022 to all common shareholders of record as of June 14, 2022. Board Change • Apr 27
Less than half of directors are independent Following the recent departure of a director, there are only 3 independent directors on the board. The company's board is composed of: 3 independent directors. 4 non-independent directors. Independent Director Nikolaos Veraros was the last independent director to join the board, commencing their role in 2021. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Annonce • Apr 04
OceanPal Inc., Annual General Meeting, Apr 05, 2022 OceanPal Inc., Annual General Meeting, Apr 05, 2022, at 08:00 Eastern Daylight. Agenda: To approve one or more amendments to the Company’s amended and restated articles of incorporation to effect one or more reverse stock splits of its common shares, each at a ratio of not less than one-for-two and not more than one-for-10 and in the aggregate at a ratio of not more than one-for-40. Annonce • Mar 03
OceanPal Inc., Annual General Meeting, Mar 31, 2022 OceanPal Inc., Annual General Meeting, Mar 31, 2022, at 08:00 US Eastern Standard Time. Agenda: To elect three Class I Directors to serve until the 2025 annual meeting of shareholders; to approve one or more amendments to the Company's Amended and Restated Articles of Incorporation to effect one or more reverse stock splits of the Company's issued common shares, each at a ratio of not less than one-for-two and not more than one-for-10 and in the aggregate at a ratio of not more than one-for-40, with the exact ratio to be set at a whole number within this range to be determined by the Company's board of directors (the Board") in its discretion and authorize the Board to implement any such reverse stock split or splits at any time prior to the date of the Company's 2023 annual meeting of shareholders; to approve the appointment of Ernst & Young (Hellas) Certified Auditors Accountants S.A. as the Company's independent auditors for the fiscal year ending December 31, 2022; and to transact other such business as may properly come before the Meeting or any adjournment thereof. Annonce • Jan 22
OceanPal Inc. has completed a Composite Units Offering. OceanPal Inc. has completed a Composite Units Offering.
Security Name: Units
Security Type: Equity/Derivative Unit
Securities Offered: 15,571,429
Price\Range: $0.77