OceanPal Inc. 13D/A Filing - Amendment 12

TL;DR

OceanPal Inc. 13D/A amended, MARYPORT NAVIGATION CORP. & SPHINX INVESTMENT CORP. involved.

AI Summary

On May 17, 2024, an amendment (Amendment No. 12) to the Schedule 13D was filed for OceanPal Inc. This filing involves entities such as MARYPORT NAVIGATION CORP. and SPHINX INVESTMENT CORP., with George Economou listed as a filer. The filing pertains to the common shares of OceanPal Inc.

Why It Matters

This filing indicates a change in the beneficial ownership or control of OceanPal Inc., which could signal strategic shifts or potential influence by the reporting parties.

Risk Assessment

Risk Level: medium — Schedule 13D filings often relate to significant changes in ownership or control, which can introduce uncertainty and volatility for the company's stock.

Key Players & Entities

• OceanPal Inc. (company) — Subject Company
• MARYPORT NAVIGATION CORP. (company) — Group Member
• SPHINX INVESTMENT CORP. (company) — Group Member
• Economou George (person) — Filer
• Kleanthis Costa Spathias (person) — Person Authorized to Receive Notices

FAQ

Key Financial Figures

• $0.01 — e of Issuer) Common Shares, par value $0.01 per share (Title of Class of Securiti

Filing Documents

• tm2414808d1_sc13da.htm (SC 13D/A) — 45KB
• tm2414808d1_ex99-3.htm (EX-99.3) — 10KB
• 0001104659-24-062776.txt ( ) — 56KB

of the Initial 13D is hereby supplemented

Item 4 of the Initial 13D is hereby supplemented by adding the following paragraphs to the end thereof: “As of May 17, 2024, Sphinx (i) no longer intends to nominate any candidates for election to the Board, or to make any other proposals, at the 2024 Annual Meeting, (ii) is hereby withdrawing its prior Notice (including all supplements thereto) delivered to the Issuer in respect of the 2024 Annual Meeting, as well as the nominations and proposals made therein and (iii) no longer intends to solicit any proxies in respect of the 2024 Annual Meeting or vote any third party’s proxies at the 2024 Annual Meeting. The response to Item 6 of Amendment No. 12 to the Initial 13D is incorporated herein by reference.” Item 6. Contracts, Arrangements, Understandings or Relationships with Respect to Securities of the Issuer.

of the Initial 13D is hereby supplemented

Item 6 of the Initial 13D is hereby supplemented by adding the following paragraph to the end thereof: “On May 17, 2024, Sphinx entered into a Support Agreement with the Issuer in respect of its interest in the Common Shares of the Issuer, as further described in the press release attached hereto as Exhibit 99.3, which is incorporated herein by reference.” Item 7. Material to be Filed as Exhibits. Exhibit 99.1 Joint Filing Agreement, dated September 28, 2023, by and among the Reporting Persons.* Exhibit 99.2 Trading Data* Exhibit 99.3 Press Release, dated May 17, 2024 * Previously filed

SIGNATURES

SIGNATURES After reasonable inquiry and to the best of my knowledge and belief, the undersigned certifies that the information set forth in this statement is true, complete and correct. Date: May 17, 2024 SPHINX INVESTMENT CORP. By: Levante Services Limited By: /s/ Kleanthis Costa Spathias Kleanthis Costa Spathias Director Date: May 17, 2024 MARYPORT NAVIGATION CORP. By: Levante Services Limited By: /s/ Kleanthis Costa Spathias Kleanthis Costa Spathias Director Date: May 17, 2024 GEORGE ECONOMOU By: /s/ George Economou George Economou

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