OceanPal Inc. (SVRN) AI Dilution Summary
Updated Oct 8, 2026
Cash was $7,160,000 at the 2024-12-31 balance-sheet date. After that date, a unit public offering closed on 2025-07-22 with estimated net proceeds of $16,440,000. A PIPE whose cash tranche of $13,718,992 closed on 2025-10-28, and $10,500,000 in cash was paid on 2025-10-28 to parties that helped arrange the PIPE.