OceanPal Inc. Updates Share Count Following Recent Offering

OceanPal Inc. has updated its share count to 70,407,833 common shares outstanding, following the exercise of Class C Warrants from a recent public offering. This update reflects the company's efforts to manage its equity and financial structure, potentially impacting its market positioning and shareholder value. However, the stock's low score is due to significant financial challenges and negative profitability, with a stable debt-free balance sheet being a positive factor.

OceanPal Inc. (OP) has recently updated its share count to 70,407,833 common shares outstanding, following the exercise of Class C Warrants from a recent public offering. This update reflects the company's efforts to manage its equity and financial structure, which could potentially impact its market positioning and shareholder value. However, the stock's low score is due to significant financial challenges and negative profitability, with a stable debt-free balance sheet being a positive factor.

The latest filing indicates that the company's outstanding shares have increased to 70,407,833 as of July 28, 2025, including shares issued through the exercise of Class C Warrants. Despite this increase, the float remains extremely tight at just 1.2 million shares, creating a massive gap between tradable supply and total shares. This tight float puts intense pressure on short positions [1].

Today's trading volume hit 8.7 million shares, which is over 7x the float. This kind of rotation is not typical retail movement but often signals algo activity, institutional bots testing liquidity, or early momentum plays lining up. When volume exceeds float this aggressively, it becomes a textbook setup for a gamma squeeze or fast momentum ignition [1].

The stock's price has been under significant pressure due to its financial challenges and negative profitability. However, the company's debt-free balance sheet is a positive factor that could indicate stability and resilience. The recent share count update could signal the company's efforts to manage its equity structure and potentially attract new investors.

OceanPal Inc. has also seen a change in its ownership structure. Semiramis Paliou and her Marshall Islands entities, Tuscany Shipping Corp. and 4 Sweet Dreams S.A., now control 34.34% of the common shares through convertible preferred stock. This change reflects a modest improvement in float availability for minority investors [2].

In conclusion, OceanPal Inc.'s recent share count update and ownership changes reflect the company's efforts to manage its equity structure and financial health. However, the stock's low score and significant financial challenges remain a concern for investors. As the company continues to navigate these challenges, it will be crucial to monitor its progress and financial performance.

References:

[1] https://www.reddit.com/r/pennystocks/comments/1md23fi/op_oceanpal/
[2] https://www.stocktitan.net/sec-filings/OP/schedule-13d-a-ocean-pal-inc-sec-filing-68ffe890230a.html