OceanPal Inc. Secures $18 Million in Enhanced Offering Deal

Author: Addison Perry Updated: 07-22-2025 05:17 PM

OceanPal Inc. Completes Upsized Public Offering

OceanPal Inc. (NASDAQ: OP), a prominent player in the global shipping market, has made significant strides by closing an upsized public offering. This move saw the company issue approximately 10,975,600 units at a public offering price of US$1.64 per unit, generating gross proceeds of around US$18 million. Each unit comprises one common share paired with one warrant to purchase an additional common share.

Maxim Group's Role in the Offering

Maxim Group LLC played a pivotal role as the sole book-running manager for this successful offering. This partnership reflects the confidence in OceanPal’s strategic vision and operational strength.

Securing Regulatory Approval

In connection with this offering, a registration statement on Form F-1 (File No. 333-288153) was submitted to the U.S. Securities and Exchange Commission (SEC). This statement was declared effective on July 21, 2025, confirming OceanPal's commitment to transparency and regulatory compliance. The final prospectus related to the offering can be accessed via the SEC's website.

About OceanPal Inc.

Founded on the principles of excellence in maritime transport, OceanPal Inc. specializes in providing shipping transportation services. The company has carved a niche in the ownership and operation of dry bulk vessels and product tankers. OceanPal focuses on transporting bulk commodities such as iron ore, coal, and grain, along with refined petroleum products. Their strategic approach involves deploying their fleet primarily through time charter trips of short to medium duration and spot charters, ensuring an optimal return on investment for shareholders.

Contact Information and Corporate Communication

For inquiries or further information, individuals can reach out to Margarita Veniou, the Chief Corporate Development and Governance Officer and Secretary. She can be contacted via telephone at +30-210-9485-360 or through email at mveniou@oceanpal.com. Additional details can be found on OceanPal's official website.

Frequently Asked Questions

What is OceanPal Inc.'s latest public offering?

OceanPal Inc. has successfully closed an upsized public offering that raised approximately US$18 million, issuing 10,975,600 units.

Who managed the recent offering for OceanPal?

Maxim Group LLC served as the sole book-running manager for the offering.

What does each unit in the offering consist of?

Each unit comprises one common share and one warrant to purchase an additional common share.

What types of products does OceanPal specialize in transporting?

OceanPal specializes in the transportation of bulk commodities including iron ore, coal, and grain, as well as refined petroleum products.

How can I contact OceanPal for more information?

For inquiries, you can contact Margarita Veniou at +30-210-9485-360 or through mveniou@oceanpal.com.

About The Author

Hello, I'm 30-year-old financial writer and expert Addison Perry, and I love to simplify the intricacies of the financial industry. I've committed myself over the years to deciphering the subtleties of investing techniques and economic trends and converting them into doable guidance that anybody can use. My goal with writings and books is to make money interesting and approachable so that readers may take charge of their financial futures.

My enthusiasm to empowerment and education has propelled me through my career in finance. I write because I think that everyone should be able to make educated financial decisions, and I try to provide that. Regardless of experience level with investing, my work is intended to provide insightful analysis and practical advice to enable you to thrive in the always changing financial environment. I appreciate you traveling with me toward success and financial literacy.

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