OceanPal Inc. Announces Final Results of Tender Offer for its Series D Preferred Stock
OceanPal Inc. (SVRN)
Company Research
Source: PR Newswire
ATHENS, Greece, Jan. 13, 2026 /PRNewswire/ -- OceanPal Inc. ("OceanPal" or "OP", NASDAQ: SVRN), announces today the final results of its tender offer (the "Offer"), which expired at 5:00 P.M. Eastern time on January 8, 2026.Based on the final count by Computershare Trust Company, N.A., the depositary for the Tender Offer, 18,996 shares of the Company's 7.0% Series D Cumulative Convertible Perpetual Preferred Stock, par value $0.01 per share, with a $1,000 liquidation preference per share (the "Shares") have been validly tendered for purchase in the Offer and not properly withdrawn prior to expiration of the Offer. The Company expects to accept all of these Shares for purchase in accordance with the terms of the Offer at a price of $1,400 per Share plus accrued dividends, for an aggregate cost of approximately $26.9 million excluding fees relating to the Offer. The Company will promptly pay for all of the Shares accepted for purchase.Questions regarding the Offer should be directed to
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