Tuscany Shipping Amends OceanPal Stake, Updates 13D Filing

TL;DR

**Tuscany Shipping just updated its stake in OceanPal, watch for potential shifts!**

AI Summary

Tuscany Shipping Corp. filed an Amendment No. 12 to its Schedule 13D on January 11, 2024, indicating a change in its beneficial ownership of OceanPal Inc. common stock, $0.01 par value per share, as of January 5, 2024. This filing updates previous disclosures regarding Tuscany Shipping's stake in OceanPal, a deep sea foreign transportation of freight company. Investors should note this filing as it reflects a significant shareholder's updated position, which can influence stock perception and potentially future corporate actions.

Why It Matters

This filing updates the public record on a significant shareholder's position in OceanPal Inc., which can signal changes in their investment strategy or influence the company's stock price.

Risk Assessment

Risk Level: medium — Changes in significant shareholder ownership can introduce uncertainty or signal potential future actions, impacting stock volatility.

Analyst Insight

Investors should review the full Schedule 13D/A filing to understand the specific changes in Tuscany Shipping Corp.'s beneficial ownership and assess any potential implications for OceanPal Inc.'s stock price or corporate governance.

Key Players & Entities

• Tuscany Shipping Corp. (company) — the entity filing the SC 13D/A amendment
• OceanPal Inc. (company) — the issuer whose securities are being reported
• Margarita Veniou (person) — person authorized to receive notices for OceanPal Inc.
• $0.01 (dollar_amount) — par value per share of OceanPal Inc. Common Stock
• January 5, 2024 (date) — date of the event requiring the filing
• January 11, 2024 (date) — date the filing was made

FAQ

Key Financial Figures

• $0.01 — l Inc. (Name of Issuer) Common Stock, $0.01 par value per share (Title of Class of

Filing Documents

• d10932233_13d-a.htm (SC 13D/A) — 108KB
• 0000919574-24-000311.txt ( ) — 109KB

From the Filing

SC 13D/A 1 d10932233_13d-a.htm UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, DC 20549 SCHEDULE 13D THE SECURITIES EXCHANGE ACT OF 1934 (Amendment No.12)* OceanPal Inc. (Name of Issuer) Common Stock, $0.01 par value per share (Title of Class of Securities) Y6430L202 (CUSIP Number) Attn: Ms. Margarita Veniou Pendelis 26, 175 64 Palaio Faliro Athens, Greece + 30-210-9485-360 (Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications) January 5, 2024 (Date of Event Which Requires Filing of this Statement) If the filing person has previously filed a statement on Schedule 13G to report the acquisition that is the subject of this Schedule 13D, and is filing this schedule because of ss.240.13d-1(e), 240.13d1(f) or 240.13d-1(g), check the following box [ ]. Note: Schedules filed in paper format shall include a signed original and five copies of the schedule, including all exhibits. See 240.13d-7 for other parties to whom copies are to be sent. _____________ * The remainder of this cover page shall be filled out for a reporting person's initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter disclosures provided in a prior cover page. The information required on the remainder of this cover page shall not be deemed to be "filed" for the purpose of Section 18 of the Securities Exchange Act of 1934 ("Act") or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes). CUSIP No. Y6430L202 1. NAME OF REPORTING PERSONS I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY) Semiramis Paliou 2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [_] (b) [x] 3. SEC USE ONLY 4. SOURCE OF FUNDS OO 5. CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e) [_] 6. CITIZENSHIP OR PLACE OF ORGANIZATION Greece NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH 7. SOLE VOTING POWER 0 8. SHARED VOTING POWER 2,802,952 9. SOLE DISPOSITIVE POWER 0 10. SHARED DISPOSITIVE POWER 2,802,952 11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 2,802,952 12. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* [_] 13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 27.34% 14. TYPE OF REPORTING PERSON IN CUSIP No. Y6430L202 1. NAME OF REPORTING PERSONS I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY) Tuscany Shipping Corp. 2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [_] (b) [x] 3. SEC USE ONLY 4. SOURCE OF FUNDS OO 5. CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e) [_] 6. CITIZENSHIP OR PLACE OF ORGANIZATION Marshall Islands NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH 7. SOLE VOTING POWER 0 8. SHARED VOTING POWER 2,034,327 9. SOLE DISPOSITIVE POWER 0 10. SHARED DISPOSITIVE POWER 2,034,327 11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 2,034,327 12. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* [_] 13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 21.45% 14. TYPE OF REPORTING PERSON CO CUSIP No. Y6430L202 1. NAME OF REPORTING PERSONS I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY) 4 Sweet Dreams S.A. 2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [_] (b) [x] 3. SEC USE ONLY 4. SOURCE OF FUNDS OO 5. CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e) [_] 6. CITIZENSHIP OR PLACE OF ORGANIZATION Marshall Islands NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH 7. SOLE VOTING POWER 0 8. SHARED VOTING POWER 768,625 9. SOLE DISPOSITIVE POWER 0 10. SHARED DISPOSITIVE POWER 768,625 11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 768,625 12. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* [_] 13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 9.35% 14. TYPE OF REPORTING PERSON CO EXPLANATORY NOTE This Amendment No. 12 (the "Amendment No. 12") to the Schedule 13D amends the statement on Schedule 13D that was originally filed with the U.S. Securities and Exchange Commission (the "Commission") on December 10, 2021 (the "Schedule 13D") as amended on February 2, 2022, February 3, 2023, February 24, 2023, April 28, 2023, July 6, 2023, October 6, 2023, October 16, 2023, October 20, 2023, November 14, 2023, November 22, 2023 and December 20, 2023 filed by the Reporting Persons (as defined below) related to the shares of common stock, par value $0.01 per share (the "Shares"), of OceanPal Inc. (the "Issuer"). This Amendment No. 12 is being filed to report a decrease in the percentage ownership of Shares that the Reporting Pers

View Full Filing

View this SC 13D/A filing on SEC EDGAR