<SEC-DOCUMENT>0000919574-25-005044.txt : 20250821
<SEC-HEADER>0000919574-25-005044.hdr.sgml : 20250821
<ACCEPTANCE-DATETIME>20250821161208
ACCESSION NUMBER:		0000919574-25-005044
CONFORMED SUBMISSION TYPE:	6-K
PUBLIC DOCUMENT COUNT:		2
CONFORMED PERIOD OF REPORT:	20250831
FILED AS OF DATE:		20250821
DATE AS OF CHANGE:		20250821

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			OceanPal Inc.
		CENTRAL INDEX KEY:			0001869467
		STANDARD INDUSTRIAL CLASSIFICATION:	DEEP SEA FOREIGN TRANSPORTATION OF FREIGHT [4412]
		ORGANIZATION NAME:           	01 Energy & Transportation
		EIN:				000000000
		STATE OF INCORPORATION:			1T
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		6-K
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-40930
		FILM NUMBER:		251240898

	BUSINESS ADDRESS:	
		STREET 1:		PENDELIS 26
		STREET 2:		PALAIO FALIRO
		CITY:			ATHENS
		STATE:			J3
		ZIP:			175 64
		BUSINESS PHONE:		30-210-9485-360

	MAIL ADDRESS:	
		STREET 1:		PENDELIS 26
		STREET 2:		PALAIO FALIRO
		CITY:			ATHENS
		STATE:			J3
		ZIP:			175 64
</SEC-HEADER>
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<TYPE>6-K
<SEQUENCE>1
<FILENAME>d11961500_6-k.htm
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    <div style="text-align: center; font-weight: bold;">FORM 6-K</div>
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    <div style="text-align: center; font-weight: bold;">SECURITIES AND EXCHANGE COMMISSION</div>
    <div style="text-align: center; font-weight: bold;">WASHINGTON, D.C. 20549</div>
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    <div style="text-align: center; font-weight: bold;">REPORT OF FOREIGN PRIVATE ISSUER PURSUANT TO RULE 13A-16 OR 15D-16</div>
    <div style="text-align: center; font-weight: bold;">OF THE SECURITIES EXCHANGE ACT OF 1934</div>
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    <div style="text-align: center;">For the month of August 2025</div>
    <div style="text-align: center;">Commission File Number: 001-40930</div>
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    <div style="text-align: center; font-weight: bold;">OCEANPAL INC.</div>
    <div style="text-align: center;">(Translation of registrant's name into English)</div>
    <div style="text-align: center;">Pendelis 26, 175 64 Palaio Faliro, Athens, Greece</div>
    <div style="text-align: center;">(Address of principal executive office)</div>
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    <div>Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F.</div>
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    <div>Form 20-F [X] Form 40-F [ ]</div>
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    <div style="text-align: center; font-weight: bold;">INFORMATION CONTAINED IN THIS FORM 6-K REPORT</div>
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    <font style="color: rgb(0, 0, 0); font-family: 'Times New Roman',serif; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; text-align: justify; text-indent: 0px; text-transform: none; word-spacing: 0px; white-space: normal; text-decoration-style: initial; text-decoration-color: initial; display: inline ! important; float: none;">Attached to this Report on Form 6-K as <a href="d11961500_ex99-1.htm">Exhibit 99.1</a> is a press release dated August 21, 2025, of OceanPal Inc. (the "Company"), announcing</font><font style="color: rgb(0, 0, 0); font-family: 'Times New Roman',serif; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; text-align: justify; text-indent: 0px; text-transform: none; word-spacing: 0px; white-space: normal; text-decoration-style: initial; text-decoration-color: initial;">&#160;</font><font style="color: rgb(0, 0, 0); font-family: 'Times New Roman',serif; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; text-align: justify; text-indent: 0px; text-transform: none; word-spacing: 0px; white-space: normal; text-decoration-style: initial; text-decoration-color: initial; display: inline ! important; float: none;">that</font>
    its board of directors has determined to effect a one-for-twenty-five reverse stock split of the Company's common shares, par value $0.01 per share, on August 25, 2025. <br>
  </div>
  <div><font style="color: rgb(0, 0, 0); font-family: 'Times New Roman', serif; font-size: medium; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; display: inline !important; float: none;"></font>
    <div style="text-align: justify;"> <br>
    </div>
    <div style="text-align: justify;">The information contained in this Report on Form 6-K is hereby incorporated by reference into the Company&#8217;s registration statements on Form F-3 (File Nos. 333-269961 and 333-273073) that were filed with the U.S.
      Securities and Exchange Commission and became effective on April 18, 2023 and July 14, 2023, respectively.</div>
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    <div style="text-align: center; font-weight: bold;">SIGNATURES</div>
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    <div style="text-align: justify;">Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.</div>
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    <table cellspacing="0" cellpadding="0" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%; text-align: left; color: #000000;">

        <tr>
          <td style="width: 46.37%; vertical-align: top;">
            <div>&#160;</div>
          </td>
          <td style="width: 53.63%; vertical-align: top;" colspan="2">
            <div style="font-weight: bold;">OCEANPAL INC.</div>
          </td>
        </tr>
        <tr>
          <td style="width: 46.37%; vertical-align: top;">
            <div>&#160;</div>
          </td>
          <td style="width: 53.63%; vertical-align: top;" colspan="2">
            <div>(registrant)</div>
          </td>
        </tr>
        <tr>
          <td style="width: 46.37%; vertical-align: top;">
            <div>&#160;</div>
          </td>
          <td style="width: 53.63%; vertical-align: top;" colspan="2">
            <div>&#160;</div>
          </td>
        </tr>
        <tr>
          <td style="width: 46.37%; vertical-align: top;">
            <div>&#160;</div>
          </td>
          <td style="width: 53.63%; vertical-align: top;" colspan="2">
            <div>&#160;</div>
          </td>
        </tr>
        <tr>
          <td style="width: 46.37%; vertical-align: top;">
            <div>&#160;</div>
          </td>
          <td style="width: 7.01%; vertical-align: top;">
            <div>&#160;</div>
          </td>
          <td style="width: 46.62%; vertical-align: top;">
            <div>&#160;</div>
          </td>
        </tr>
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          <td style="width: 46.37%; vertical-align: top;">
            <div>Dated: August 21, 2025</div>
          </td>
          <td style="width: 7.01%; vertical-align: top;">
            <div>By:</div>
          </td>
          <td style="width: 46.62%; vertical-align: top; border-bottom: #000000 2px solid;">
            <div>/s/ Robert Perri</div>
          </td>
        </tr>
        <tr>
          <td style="width: 46.37%; vertical-align: top;">
            <div>&#160;</div>
          </td>
          <td style="width: 7.01%; vertical-align: top;">
            <div>&#160;</div>
          </td>
          <td style="width: 46.62%; vertical-align: top;">
            <div>Robert Perri</div>
          </td>
        </tr>
        <tr>
          <td style="width: 46.37%; vertical-align: top;">
            <div>&#160;</div>
          </td>
          <td style="width: 7.01%; vertical-align: top;">
            <div>&#160;</div>
          </td>
          <td style="width: 46.62%; vertical-align: top;">
            <div>Chief Executive Officer</div>
          </td>
        </tr>

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<DOCUMENT>
<TYPE>EX-99.1
<SEQUENCE>2
<FILENAME>d11961500_ex99-1.htm
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  <div style="text-align: right;"><font style="font-weight: bold;">Exhibit 99.1 </font><br>
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    <div>
      <div style="text-align: justify; text-indent: 180pt; font-size: 12pt; font-style: italic; font-weight: bold; margin-left: 81pt;">Corporate Contact:</div>
      <div style="text-align: justify; text-indent: 180pt; font-size: 12pt; margin-left: 81pt;">MargaritaVeniou</div>
      <div style="text-align: justify; text-indent: 180pt; font-size: 12pt; margin-left: 81pt;">Chief Corporate Development and Governance Officer</div>
      <div style="text-align: justify; text-indent: 180pt; font-size: 12pt; margin-left: 81pt;">and Secretary</div>
      <div style="text-align: justify; text-indent: 180pt; font-size: 12pt; margin-left: 81pt;">Telephone: +30-210-9485-360</div>
      <div style="text-align: justify; text-indent: 180pt; font-size: 12pt; margin-left: 81pt;">Email:&#160;<u>mveniou@oceanpal.com</u></div>
      <div style="text-align: justify; text-indent: 180pt; font-size: 12pt; margin-left: 81pt;">Website:&#160;<u>www.oceanpal.com</u></div>
    </div>
    <div>
      <div style="text-align: justify; font-size: 12pt; margin-left: 81pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;X: @OceanPal_Inc</div>
    </div>
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      <div style="text-align: justify; text-indent: 31.5pt; font-size: 12pt; font-style: italic;"><br>
      </div>
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    <div>
      <div style="text-align: justify; text-indent: 180pt; font-size: 12pt; font-style: italic; font-weight: bold; margin-left: 81pt;">Investor and Media Relations:</div>
      <div style="text-align: justify; text-indent: 180pt; font-size: 12pt; margin-left: 81pt;">Edward Nebb</div>
      <div style="text-align: justify; text-indent: 180pt; font-size: 12pt; margin-left: 81pt;">Comm-Counsellors, LLC</div>
      <div style="text-align: justify; text-indent: 180pt; font-size: 12pt; margin-left: 81pt;">Telephone: + 1-203-972-8350</div>
      <div style="text-align: justify; text-indent: 180pt; font-size: 12pt; margin-left: 81pt;">Email:&#160;<u>enebb@optonline.net</u></div>
    </div>
    <div><br>
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    <div><br>
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    <div style="text-align: center; font-size: 12pt; font-weight: bold;">OCEANPAL INC. ANNOUNCES REVERSE STOCK SPLIT TO BE EFFECTIVE</div>
    <div style="text-align: center; font-size: 12pt; font-weight: bold;">AUGUST 25, 2025</div>
    <div><br>
    </div>
    <div style="text-align: justify; font-size: 12pt;">ATHENS, GREECE,<font style="font-weight: bold;">&#160;</font>August 21, 2025 &#8211; OceanPal Inc. (NASDAQ: OP) (the &#8220;Company&#8221;), a global shipping company specializing in the ownership of vessels, announced today
      that its board of directors has determined to effect a one-for-twenty-five reverse stock split of the Company's common shares, par value $0.01 per share. The Company's shareholders approved the reverse stock split at the Company's annual meeting of
      shareholders held on May 20, 2025.</div>
    <div><br>
    </div>
    <div style="text-align: justify; font-size: 12pt;">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 August 25, 2025, under the existing
      trading symbol &#8220;OP&#8221;. The CUSIP number of Y6430L301 will be assigned to the Company's common shares when the reverse stock split becomes effective.</div>
    <div><br>
    </div>
    <div style="text-align: justify; font-size: 12pt;">When the reverse stock split becomes effective, every twenty-five 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. The number of outstanding common shares will be reduced from approximately 167,402,561 shares to approximately 6,696,102 shares.</div>
    <div><br>
    </div>
    <div style="text-align: justify; font-size: 12pt;">No fractional shares will be issued in connection with the reverse stock split. Shareholders who would otherwise hold a fraction of a common share of the Company will receive a cash payment in lieu
      thereof at a price equal to that fraction of a share to which the shareholder would otherwise be entitled, multiplied by the closing price of the Company's common shares on NASDAQ on August 22, 2025.</div>
    <div><br>
    </div>
    <div style="text-align: justify; font-size: 12pt;">Shareholders with shares held in book-entry form or through a bank, broker, or other nominee are not required to take any action and will see the impact of the reverse stock split reflected in their
      accounts on or after August 25, 2025. Such beneficial holders may contact their bank, broker, or nominee for more information.</div>
    <div><br>
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    <div>
      <div style="text-align: justify; font-size: 12pt; font-weight: bold;">About the Company</div>
    </div>
    <div>
      <div><br>
      </div>
    </div>
    <div>
      <div style="text-align: justify; font-size: 12pt;">OceanPal Inc. is a global provider of shipping transportation services, specializing in the ownership and operation of dry bulk vessels and product tankers. The Company is engaged in the seaborne
        transportation of bulk commodities, including iron ore, coal, and grain, as well as refined petroleum products. OceanPal&#8217;s fleet is primarily employed on time charter trips with short to medium duration and spot charters, with a strategic focus on
        maximizing long-term shareholder value.&#160;</div>
      <div style="text-align: justify; font-size: 12pt;"> <br>
      </div>
      <div style="text-align: justify; font-size: 12pt;"> <br>
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      <div style="text-align: justify; font-size: 12pt; font-weight: bold;"> <br>
      </div>
      <div style="text-align: justify; font-size: 12pt; font-weight: bold;">Forward Looking Statements</div>
    </div>
    <div>
      <div><br>
      </div>
    </div>
    <div>
      <div style="text-align: justify; font-size: 12pt;">Matters discussed in this press release may constitute forward-looking statements. The Private Securities Litigation Reform Act of 1995 provides safe harbor protections for forward-looking statements
        in order to encourage companies to provide prospective information about their business. Forward-looking statements include statements concerning plans, objectives, goals, strategies, future events or performance, and underlying assumptions and
        other statements.</div>
    </div>
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      <div><br>
      </div>
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    <div>
      <div style="text-align: justify; font-size: 12pt;">The Company desires to take advantage of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995 and is including this cautionary statement in connection with this safe
        harbor legislation. The words &#8220;believe,&#8221; &#8220;anticipate,&#8221; &#8220;intends,&#8221; &#8220;estimate,&#8221; &#8220;forecast,&#8221; &#8220;project,&#8221; &#8220;plan,&#8221; &#8220;potential,&#8221; &#8220;may,&#8221; &#8220;should,&#8221; &#8220;expect,&#8221; &#8220;pending&#8221; and similar expressions identify forward-looking statements.</div>
    </div>
    <div>
      <div><br>
      </div>
    </div>
    <div>
      <div style="text-align: justify; font-size: 12pt;">The forward-looking statements in this press release are based upon various assumptions, many of which are based, in turn, upon further assumptions, including without limitation, Company management&#8217;s
        examination of historical operating trends, data contained in the Company&#8217;s records and other data available from third parties. Although the Company believes that these assumptions were reasonable when made, because these assumptions are
        inherently subject to significant uncertainties and contingencies that are difficult or impossible to predict and are beyond the Company&#8217;s control, the Company cannot assure you that it will achieve or accomplish these expectations, beliefs or
        projections.</div>
    </div>
    <div>
      <div><br>
      </div>
    </div>
    <div>
      <div style="text-align: justify; font-size: 12pt;">In addition to these important factors, other important factors that, in the Company&#8217;s view, could cause actual results to differ materially from those discussed in the forward-looking statements
        include the strength of world economies and currencies, general market conditions, including fluctuations in charter rates and vessel values, changes in demand for dry bulk shipping capacity, changes in the Company&#8217;s operating expenses, including
        bunker prices, drydocking and insurance costs, the market for the Company&#8217;s vessels, availability of financing and refinancing, changes in governmental rules and regulations or actions taken by regulatory authorities, tariff policies and other
        trade restrictions, potential liability from pending or future litigation, general domestic and international political conditions, including risks associated with the continuing conflict between Russia and Ukraine and related sanctions, potential
        disruption of shipping routes due to accidents or political events, including the escalation of the conflict in the Middle East, vessel breakdowns and instances of off-hires and other factors. Please see the Company&#8217;s filings with the U.S.
        Securities and Exchange Commission for a more complete discussion of these and other risks and uncertainties. The Company undertakes no obligation to revise or update any forward-looking statement, or to make any other forward-looking statements,
        whether as a result of new information, future events or otherwise.</div>
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