OceanPal Inc. Announces Reverse Stock Split to Be Effective August 25, 2025

Core Points - OceanPal Inc. announced a one-for-twenty-five reverse stock split of its common shares, which was approved by shareholders on May 20, 2025 [1][3] - The reverse stock split will take effect on August 25, 2025, with shares trading on a split-adjusted basis under the existing symbol "OP" [2] - The number of outstanding common shares will decrease from approximately 167,402,561 to about 6,696,102 shares [3] Company Overview - OceanPal Inc. is a global shipping company that specializes in the ownership and operation of dry bulk vessels and product tankers, focusing on the transportation of bulk commodities such as iron ore, coal, and grain, as well as refined petroleum products [6] - The company's fleet primarily operates on time charter trips with short to medium duration and spot charters, aiming to maximize long-term shareholder value [6]