IPO - OceanPal Inc.

Form Type: F-1

Filing Date: 2025-06-18

Corporate Action: Ipo

Type: New

Accession Number: 000091957425003663

Filing Summary: OceanPal Inc. is filing a registration statement under the Securities Act of 1933 for a public offering of 9,316,770 units. Each unit consists of one common share or one pre-funded warrant to purchase one common share and one class C warrant. The units are offered at an assumed public price of $1.61 each, with potential adjustments based on closing prices three trading days after issuance. The warrants will have various exercise price resets, tied to stock performance and market conditions. A 7.0% underwriting fee will be applicable. The company is classified as an emerging growth company, which allows it to comply with reduced reporting requirements. Additionally, it has received a deficiency notice from Nasdaq regarding its stock price and engaged in the sale of the M/V Protefs vessel. While the company’s common shares will be listed on Nasdaq, the pre-funded warrants and class C warrants are not expected to have an active trading market.