OceanPal Inc. Announces Reverse Stock Split to be Effective March 30, 2026
OceanPal Inc. (SVRN)
Company Research
Source: PR Newswire
ATHENS, Greece, March 26, 2026 /PRNewswire/ -- OceanPal Inc. (NASDAQ: SVRN) (the "Company"), announced today that its board of directors has determined to effect a one-for-twenty reverse stock split of the Company's common shares, par value $0.01 per share. The Company's shareholders had approved the reverse stock split at the Company's annual meeting of shareholders held on May 20, 2025.The reverse stock split will take effect, and the Company's common shares will begin trading on a split-adjusted basis on NASDAQ, as of the opening of trading on March 30, 2026, under the existing trading symbol "SVRN". The CUSIP number of Y6430L178 will be assigned to the Company's common shares when the reverse stock split becomes effective.When the reverse stock split becomes effective, every twenty of the Company's issued common shares will be combined into one issued common share, without any change to the par value per share and without any change in the total number of authorized common shares.
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News
- OceanPal Inc. Discloses Share Repurchases Under Existing Board-Authorized Program; Establishes 0.8x mNAV as a Target Repurchase Threshold [Yahoo! Finance]Yahoo! Finance
- OceanPal Inc. Discloses Share Repurchases Under Existing Board-Authorized Program; Establishes 0.8x mNAV as a Target Repurchase ThresholdPR Newswire
- Oceanpal (SVRN) is now covered by <a style="font-weight:bold" href="https://weissratings.com/">Weiss Ratings</a>. They set a "sell (e+)" rating on the stock.MarketBeat
- Oceanpal (SVRN) was upgraded by <a style="font-weight:bold" href="https://www.wallstreetzen.com/newsletters/zen-ratings?ticker=SVRN&utm_campaign=getratings&utm_medium=online&utm_source=MarketBeat">Wall Street Zen</a> to "hold".MarketBeat
- OceanPal Inc. Reports Financial Results for the Year Ended December 31, 2025, and Introduces 2026 GuidancePR Newswire
SVRN
Sec Filings
- 3/30/26 - Form 6-K
- 3/26/26 - Form 6-K
- 3/26/26 - Form 6-K
- SVRN's page on the SEC website