OceanPal Inc. (SVRN) Form 6-K — Aug 3, 2026

$SVRNForm 6-KFiled Aug 3, 2026, 5:28 PM ET0000919574-26-004742Original filing

OceanPal Inc. completed the sale of its vessel-owning subsidiary, OP Vessel Holdco LLC, to Sezali Inc., marking its exit from the shipping business. The transaction consideration consisted entirely of cancelling 12,185 shares of 8.0% Series C Cumulative Convertible Perpetual Preferred Stock and $5.0 million in outstanding promissory notes, with no cash or common stock issued. Following this divestiture, OceanPal has eliminated all debt for borrowed money and holds no operating obligations regarding its former shipping assets.

Key figures

Debt Amount: $5.0 million
Series c dividend rate: 8.0%
Series d dividend rate: 7.0%
Series c shares retired: 12185
Series d shares outstanding: 412

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