OceanPal Amends Stockholders' Rights Agreement
Ticker: SVRN · Form: 6-K · Filed: Jan 22, 2025 · CIK: 1869467
| Field | Detail |
|---|---|
| Company | Oceanpal Inc. (SVRN) |
| Form Type | 6-K |
| Filed Date | Jan 22, 2025 |
| Risk Level | low |
| Pages | 1 |
| Reading Time | 1 min |
| Sentiment | neutral |
Sentiment: neutral
Topics: rights-agreement, amendment, corporate-governance
TL;DR
OceanPal updated its shareholder rights plan definition of 'Acquiring Person' on Jan 22, 2025.
AI Summary
OceanPal Inc. filed an amended and restated Stockholders' Rights Agreement on January 22, 2025. This amendment, entered into with Computershare Trust Company, N.A., specifically updates the definition of an "Acquiring Person" within the agreement.
Why It Matters
This amendment could impact future corporate actions, such as mergers or acquisitions, by changing the threshold for triggering certain shareholder rights.
Risk Assessment
Risk Level: low — The filing is a routine amendment to an existing agreement and does not appear to involve immediate financial distress or significant operational changes.
Key Players & Entities
- OceanPal Inc. (company) — Registrant
- Computershare Trust Company, N.A. (company) — Rights Agent
- January 22, 2025 (date) — Date of agreement amendment
FAQ
What is the primary purpose of the amended and restated Stockholders' Rights Agreement?
The primary purpose is to update the definition of an "Acquiring Person" within the agreement.
Who is the rights agent for OceanPal Inc.'s Stockholders' Rights Agreement?
Computershare Trust Company, N.A. is the rights agent.
On what date was the amended and restated Stockholders' Rights Agreement entered into?
The agreement was entered into on January 22, 2025.
What specific change was made to the Rights Agreement?
The definition of an "Acquiring Person" was updated.
Is OceanPal Inc. required to file annual reports under Form 20-F or 40-F?
OceanPal Inc. indicated it files annual reports under cover of Form 20-F.
Filing Stats: 243 words · 1 min read · ~1 pages · Grade level 10.6 · Accepted 2025-01-22 16:56:16
Filing Documents
- d11591034_6-k.htm (6-K) — 12KB
- d11591034_ex4-1.htm (EX-4.1) — 273KB
- 0000919574-25-000457.txt ( ) — 285KB
SIGNATURES
SIGNATURES 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. OCEANPAL INC. (registrant) Dated: January 22, 2025 By: /s/Robert Perri Robert Perri Chief Executive Officer