Tuscany Shipping Corp. Amends OceanPal Stake Filing

TL;DR

Tuscany Shipping Corp. updated its OceanPal Inc. filing (13D/A, Amdmt 16).

AI Summary

Tuscany Shipping Corp. filed an amendment (No. 16) to its Schedule 13D on March 1, 2024, regarding its holdings in OceanPal Inc. The filing indicates a change in the reporting person's beneficial ownership of OceanPal Inc. common stock. The specific details of the change in ownership percentage or number of shares are not explicitly stated in this excerpt, but it signifies an update to Tuscany Shipping Corp.'s stake.

Why It Matters

This amendment signals a potential shift in control or influence for OceanPal Inc., as a significant shareholder has updated their disclosure. Investors will monitor future filings for details on the nature of this change.

Risk Assessment

Risk Level: medium — Amendments to Schedule 13D filings often indicate changes in significant shareholder positions, which can lead to increased volatility or strategic shifts for the company.

Key Numbers

• 16 — Amendment Number (Indicates this is the 16th update to the filing.)

Key Players & Entities

• Tuscany Shipping Corp. (company) — Reporting Person
• OceanPal Inc. (company) — Subject Company
• Margarita Veniou (person) — Authorized to Receive Notices

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

• s10994704_13d-a.htm (SC 13D/A) — 99KB
• 0000919574-24-001881.txt ( ) — 101KB

From the Filing

SC 13D/A 1 s10994704_13d-a.htm UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, DC 20549 SCHEDULE 13D THE SECURITIES EXCHANGE ACT OF 1934 (Amendment No.16)* 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) March 1, 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 3,433,023 9. SOLE DISPOSITIVE POWER 0 10. SHARED DISPOSITIVE POWER 3,433,023 11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 3,433,023 12. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* [_] 13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 31.54% 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 2,491,621 9. SOLE DISPOSITIVE POWER 0 10. SHARED DISPOSITIVE POWER 2,491,621 11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 2,491,621 12. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* [_] 13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 25.06% 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 941,402 9. SOLE DISPOSITIVE POWER 0 10. SHARED DISPOSITIVE POWER 941,402 11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 941,402 12. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* [_] 13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 11.22% 14. TYPE OF REPORTING PERSON CO EXPLANATORY NOTE This Amendment No. 16 (the "Amendment No. 16") 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, December 20, 2023, January 11, 2024, January 19, 2024, February 7, 2024 and February 22, 2024 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. 16 is being filed to report

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