OceanPal (OP) Prices 15.57M Share Offering at $0.77/sh

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Go back to OceanPal (OP) Prices 15.57M Share Offering at $0.77/sh

OceanPal Inc. Announces Pricing of Approximately US$12.5 Million Underwritten Public Offering

January 21, 2022 12:01 AM EST

ATHENS, Greece, Jan. 21, 2022 (GLOBE NEWSWIRE) -- OceanPal Inc. (NASDAQ: OP) (the Company), a global shipping company specializing in the ownership of vessels, announced today the pricing of an underwritten public offering consisting of 15,571,429 units at a price of US$0.77 per unit, each unit consisting of one share of common stock (or one pre-funded warrant in lieu of one share of common stock) and one Class A warrant to purchase one share of common stock, which will immediately separate upon issuance. In addition, certain selling stockholders affiliated with the Company are selling 628,571... More