Noticias y eventos de Oceanpal Inc (SVRN)SVRNOceanpal Inc

OceanPal Inc Trading Halted Due to Volatility

OceanPal Inc trading halted, volatility trading pause

OceanPal Completes Sale of 100% Membership Interests in OP Vessel Holdco

OceanPal completed the sale of 100% of the membership interests in OP Vessel Holdco, the subsidiary that held the company's remaining vessels through wholly owned vessel-owning subsidiaries, to Sezali. The consideration of the transaction consisted of all 12,185 outstanding shares of the company's 8.0% Series C Cumulative Convertible Perpetual Preferred Stock, which were cancelled, and the cancellation of the company's $5.0M of outstanding promissory notes. The company sold the holding entity rather than the vessels individually and retains no ownership interest in, and no operating obligations with respect to, OP Vessel Holdco or its subsidiaries. SovereignAI Services LLC is now the company's sole operating business. The transaction eliminates 12,185 Series C Preferred shares which were convertible in common shares and had a 8.0% cumulative dividend. All accrued dividends on the Series C Preferred Stock were paid in full as of July 2026. OceanPal's only outstanding Preferred Stock with economic rights are 412 shares of 7.0% Series D Cumulative Convertible Perpetual Preferred Stock following the December 2025 tender offer. Cancellation of the $5.0M of promissory notes leaves OceanPal and each of its subsidiaries, including SovereignAI Services LLC, with no outstanding debt for borrowed money.

OceanPal Inc Trading Halted Due to Volatility

OceanPal Inc trading halted, volatility trading pause