OceanPal Inc. Raises $5.38M in Private Placement
Ticker: SVRN · Form: 6-K · Filed: Oct 28, 2025 · CIK: 1869467
| Field | Detail |
|---|---|
| Company | Oceanpal Inc. (SVRN) |
| Form Type | 6-K |
| Filed Date | Oct 28, 2025 |
| Risk Level | medium |
| Pages | 6 |
| Reading Time | 7 min |
| Key Dollar Amounts | $0.01, $1.275, $122.5 million, $10.5 million |
| Sentiment | neutral |
Sentiment: neutral
Topics: private-placement, capital-raise, equity
TL;DR
OceanPal Inc. just raised $5.38M from investors via a private placement at $0.50/share.
AI Summary
On October 27, 2025, OceanPal Inc. entered into subscription agreements with accredited investors for a private placement. The company agreed to sell and issue an aggregate of 10,759,994 shares of its common stock at a price of $0.50 per share, for gross proceeds of approximately $5.38 million.
Why It Matters
This private placement provides OceanPal Inc. with additional capital, which can be used for general corporate purposes and to strengthen its financial position in the shipping market.
Risk Assessment
Risk Level: medium — The company is raising capital through a private placement, which can indicate a need for funds and potentially dilute existing shareholders.
Key Numbers
- $5.38M — Gross Proceeds (Capital raised from the private placement)
- 10,759,994 — Shares Issued (Number of shares sold in the private placement)
- $0.50 — Price Per Share (The price at which shares were offered)
Key Players & Entities
- OceanPal Inc. (company) — The company issuing shares
- October 27, 2025 (date) — Date of subscription agreements
- 10,759,994 (dollar_amount) — Number of shares to be issued
- $0.50 (dollar_amount) — Price per share
- $5.38 million (dollar_amount) — Gross proceeds from the offering
FAQ
What is the purpose of the private placement for OceanPal Inc.?
The filing states the gross proceeds are for general corporate purposes.
Who are the purchasers in this private placement?
The purchasers are described as certain accredited investors, referred to as 'Cash Purchasers'.
What is the total number of shares OceanPal Inc. agreed to sell?
OceanPal Inc. agreed to sell an aggregate of 10,759,994 shares of its common stock.
At what price per share were the shares offered?
The shares were offered at a price of $0.50 per share.
When did OceanPal Inc. enter into these subscription agreements?
OceanPal Inc. entered into the subscription agreements on October 27, 2025.
Filing Stats: 1,725 words · 7 min read · ~6 pages · Grade level 12.2 · Accepted 2025-10-28 11:28:30
Key Financial Figures
- $0.01 — common stock of the Company, par value $0.01 (the "Cash Shares"), at an offering pri
- $1.275 — "Cash Shares"), at an offering price of $1.275 per Cash Share (the "Per Share Cash Pur
- $122.5 million — n total gross proceeds of approximately $122.5 million before deducting estimated placement ag
- $10.5 million — stock of the Company and approximately $10.5 million in cash, payable out of the net proceed
Filing Documents
- d12027594_6-k.htm (6-K) — 27KB
- d12027594_ex4-1.htm (EX-4.1) — 98KB
- d12027594_ex4-2.htm (EX-4.2) — 13KB
- d12027594_ex4-3.htm (EX-4.3) — 20KB
- d12027594_ex10-1.htm (EX-10.1) — 273KB
- d12027594_ex10-2.htm (EX-10.2) — 274KB
- d12027594_ex10-3.htm (EX-10.3) — 272KB
- d12027594_ex10-4.htm (EX-10.4) — 34KB
- d12027594_ex99-1.htm (EX-99.1) — 20KB
- 0000919574-25-006268.txt ( ) — 1034KB
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. Date: October 28 , 2025 OCEANPAL INC. By: /s/ Robert Perri Name: Robert Perri Title: Co-Chief Executive Officer