<SEC-DOCUMENT>0000919574-25-003970.txt : 20250905
<SEC-HEADER>0000919574-25-003970.hdr.sgml : 20250905
<ACCEPTANCE-DATETIME>20250703142844
<PRIVATE-TO-PUBLIC>
ACCESSION NUMBER:		0000919574-25-003970
CONFORMED SUBMISSION TYPE:	CORRESP
PUBLIC DOCUMENT COUNT:		1
FILED AS OF DATE:		20250703

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:		CORRESP

	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>
<DOCUMENT>
<TYPE>CORRESP
<SEQUENCE>1
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            <div>&#160;</div>
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            <div style="text-align: center; font-size: 18pt; font-variant: small-caps;">Seward &amp; Kissel llp</div>
            <div style="text-align: center;">ONE BATTERY PARK PLAZA</div>
            <div style="text-align: center;">NEW YORK, NEW YORK&#160; 10004</div>
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            <div>&#160;</div>
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            <div>&#160;</div>
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            <div>&#160;</div>
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            <div>&#160;</div>
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          <td style="width: 25.59%; vertical-align: top;">&#160;</td>
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            <div style="text-align: center;">TELEPHONE:&#160; (212)&#160; 574-1200</div>
            <div style="text-align: center;">FACSIMILE:&#160; (212) 480-8421</div>
            <div style="text-align: center;">WWW.SEWKIS.COM</div>
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            <div style="text-align: center; font-size: 8pt;">901 K Street, NW</div>
            <div style="text-align: center; font-size: 8pt;">WASHINGTON, D.C. 20001</div>
            <div style="text-align: center; font-size: 8pt;">TELEPHONE:&#160; (202) 737-8833</div>
            <div style="text-align: center; font-size: 8pt;">FACSIMILE:&#160; (202) 737-5184</div>
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    <div style="text-align: right; text-indent: 36pt; font-size: 12pt;"> <br>
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    <div style="text-align: right; text-indent: 36pt; font-size: 12pt;">July 3, 2025</div>
    <div style="font-size: 12pt;">U.S. Securities and Exchange Commission</div>
    <div style="font-size: 12pt;">Division of Corporation Finance</div>
    <div style="font-size: 12pt;">Office of Energy &amp; Transportation</div>
    <div style="font-size: 12pt;">100 F Street, N.E.</div>
    <div style="font-size: 12pt;">Washington, D.C. 20549</div>
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              <div style="font-size: 12pt; font-weight: bold;">Re:</div>
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              <div style="font-size: 12pt; font-weight: bold;"><u>OceanPal Inc.</u></div>
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              <div>&#160;</div>
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              <div style="font-size: 12pt; font-weight: bold;"><u>Registration Statement on Form F-1 Filed June 18, 2025</u></div>
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              <div>&#160;</div>
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              <div style="font-size: 12pt; font-weight: bold;"><u>File No. 333-288153</u></div>
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    <div style="font-size: 12pt;">Dear Mr. Levenberg:</div>
    <div style="font-size: 12pt;"> <br>
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    <div style="text-align: justify; text-indent: 36pt; font-size: 12pt;">Reference is made to the Registration Statement on Form F-1 (the &#8220;F-1&#8221;) of&#160;OceanPal Inc. (the &#8220;Company&#8221;) that was filed with the U.S. Securities and Exchange Commission (the
      &#8220;Commission&#8221;) on June 18, 2025. By letter dated July 2, 2025 (the &#8220;Comment Letter&#8221;), the staff of the Commission (the &#8220;Staff&#8221;) provided the Company with its comments to the F-1.</div>
    <div style="text-align: justify; text-indent: 36pt; font-size: 12pt;"> <br>
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    <div style="text-align: justify; text-indent: 36pt; font-size: 12pt;">On behalf of the Company, we respond to the Staff&#8217;s comments contained in the Comment Letter as set forth below. The following numbered paragraphs correspond to the numbered comments
      in the Comment Letter. Any capitalized terms used herein but not defined shall have the meaning ascribed to them in the Amendment No.1 to the F-1.</div>
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    <div style="font-size: 12pt; font-weight: bold;"><u>Registration Statement on Form F-1 filed June 18, 2025</u></div>
    <div style="font-size: 12pt; font-weight: bold;"><u> <br>
      </u></div>
    <div style="font-size: 12pt;"><u>Cover Page</u></div>
    <div style="font-size: 12pt;"><u> <br>
      </u></div>
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          <td style="width: 27pt; vertical-align: top;">1.</td>
          <td style="width: auto; vertical-align: top; text-align: justify;">
            <div style="font-size: 12pt; font-weight: bold;">On the cover page and at page 8, you disclose that the Warrants also contain "certain anti-dilution protections, as further described herein." However, it does not appear that such anti-dilution
              protections are described in the prospectus. Please revise.</div>
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    <div style="font-size: 12pt;"><u>Response:</u> In response to the Staff&#8217;s comment the Company has updated its cover page and disclosure on Page 8 of the Amendment No. 1 to the F-1 to remove reference to anti-dilution protections.</div>
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      <div><u>Exhibits</u></div>
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        </u></div>
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            <td style="width: 27pt; vertical-align: top;">2.</td>
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              <div style="font-size: 12pt; font-weight: bold;">We note that the Units include both Unit Shares and Warrant Shares and that the Common Shares will include preferred stock purchase rights, which you describe at page 91. However, we also note
                that the legality opinion filed as Exhibit 5.1 does not appear to cover the legality of such rights. Please obtain and file an expanded opinion to address the legality of such rights. For guidance, please see Section II.B.1.g. of Staff
                Legal Bulletin No. 19 (CF), Legality and Tax Opinions in Registered Offerings (October 14, 2011).</div>
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      <div><u>Response:</u> In response to the Staff&#8217;s comment the legality opinion filed as Exhibit 5.1 has been updated to cover the legality of the preferred stock purchase rights.</div>
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      <div style="font-size: 12pt;">If you have any questions or comments concerning the enclosed, please feel free to contact the undersigned at (212) 574-1265 (horton@sewkis.com), or Jenny Elberg at (212) 574-1657 (elberg@sewkis.com).</div>
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              <div>&#160;</div>
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              <div style="font-size: 12pt;">Sincerely,</div>
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              <div>&#160;</div>
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              <div style="font-size: 12pt;">/s/ Edward Horton</div>
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              <div style="font-size: 12pt;">Edward Horton</div>
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