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[SCHEDULE 13G/A] OceanPal Inc. SEC Filing

Filing Impact
(Low)
Filing Sentiment
(Neutral)
Form Type
SCHEDULE 13G/A
Rhea-AI Filing Summary

OceanPal Inc. (Ticker: OP) � Schedule 13G/A (Amend. 5) dated 07/31/2025 discloses updated insider ownership.

  • Simeon Palios beneficially owns 7,311,648 common shares, equal to 5.17 % of the outstanding class. He holds shared voting and dispositive power over the entire position and no sole power.
  • Two Marshall Islands entities he controls are listed separately: Taracan Investments S.A. with 4,962,962 shares (3.49 %) and Limon Compania Financiera S.A. with 2,348,686 shares (1.68 %). Each entity likewise has only shared voting/dispositive power.
  • A Conversion Agreement signed 15 Oct 2024 limits the combined conversion of Series D preferred stock so that Palios, Taracan and Limon cannot exceed 14.99 % ownership of OceanPal common stock.

The filing affirms that the securities were acquired without intent to influence control of the issuer. No other investors exceed 5 % ownership, and no financial results or transaction details are provided.

OceanPal Inc. (Ticker: OP) � Modifica al Schedule 13G/A (Emendamento 5) datata 31/07/2025, aggiorna la proprietà interna.

  • Simeon Palios detiene in modo beneficiario 7.311.648 azioni ordinarie, pari al 5,17 % della classe in circolazione. Possiede il potere di voto e dispositivi condiviso sull'intera posizione, senza poteri esclusivi.
  • Due entità delle Isole Marshall da lui controllate sono elencate separatamente: Taracan Investments S.A. con 4.962.962 azioni (3,49 %) e Limon Compañía Financiera S.A. con 2.348.686 azioni (1,68 %). Anche ciascuna entità ha solo poteri di voto/dispositivi condivisi.
  • Un Accordo di Conversione firmato il 15 ottobre 2024 limita la conversione combinata delle azioni privilegiate Serie D, in modo che Palios, Taracan e Limon non possano superare il 14,99 % della proprietà delle azioni ordinarie di OceanPal.

La dichiarazione conferma che i titoli sono stati acquisiti senza l'intenzione di influenzare il controllo dell'emittente. Nessun altro investitore supera il 5 % di proprietà e non sono forniti dettagli su risultati finanziari o transazioni.

OceanPal Inc. (Ticker: OP) � Schedule 13G/A (Enmienda 5) fechada el 31/07/2025 revela la propiedad actualizada de los insiders.

  • Simeon Palios posee beneficiosamente 7.311.648 acciones ordinarias, equivalentes al 5,17 % de la clase en circulación. Tiene poder de voto y dispositivos compartido sobre toda la posición, sin poder exclusivo.
  • Dos entidades de las Islas Marshall bajo su control se listan por separado: Taracan Investments S.A. con 4.962.962 acciones (3,49 %) y Limon Compañía Financiera S.A. con 2.348.686 acciones (1,68 %). Cada entidad también tiene solo poder de voto/dispositivo compartido.
  • Un Acuerdo de Conversión firmado el 15 de octubre de 2024 limita la conversión combinada de acciones preferentes Serie D para que Palios, Taracan y Limon no excedan el 14,99 % de propiedad de las acciones ordinarias de OceanPal.

La presentación confirma que los valores fueron adquiridos sin intención de influir en el control del emisor. Ningún otro inversor supera el 5 % de propiedad y no se proporcionan detalles financieros o de transacciones.

OceanPal Inc. (티커: OP) � Schedule 13G/A (수정 5) 2025� 7� 31일자, 내부� 지� 현황 업데이트� 공개합니�.

  • Simeon Palios7,311,648 보통�� 실질적으� 보유하고 있으�, 이 발행 주식� 5.17%� 해당합니�. 그 전체 지분에 대� 공동 의결� � 처분권을 가지� 있으� 단독 권한은 없습니다.
  • 그가 통제하 � 개의 마셜 제도 법인� 별도� 등재되어 있습니다: Taracan Investments S.A.4,962,962�(3.49%), Limon Compania Financiera S.A.2,348,686�(1.68%)� 보유하고 있습니다. � 법인 역시 공동 의결�/처분권만 보유합니�.
  • 2024� 10� 15일에 체결� 전환 계약은 Palios, Taracan � Limon� OceanPal 보통� 소유 지분을 14.99%� 초과하지 않도� 시리� D 우선주의 통합 전환� 제한합니�.

� 제출 문서� 증권� 발행사의 지배권� 영향� 미칠 의도 없이 취득되었음을 확인합니�. 다른 투자자 5% 이상� 지분을 보유하지 않으�, 재무 결과� 거래 세부 정보� 제공되지 않았습니�.

OceanPal Inc. (Symbole : OP) � Schedule 13G/A (Amendement 5) daté du 31/07/2025, révèle une mise à jour de la détention des initiés.

  • Simeon Palios détient effectivement 7 311 648 actions ordinaires, représentant 5,17 % de la classe en circulation. Il dispose d’un pouvoir de vote et de disposition 貹ٲé sur l’ensemble de la position, sans pouvoir exclusif.
  • Deux entités des Îles Marshall qu’il contrôle sont listées séparément : Taracan Investments S.A. avec 4 962 962 actions (3,49 %) et Limon Compañía Financiera S.A. avec 2 348 686 actions (1,68 %). Chaque entité dispose également uniquement d’un pouvoir de vote/disposition 貹ٲé.
  • Un Accord de Conversion signé le 15 octobre 2024 limite la conversion combinée des actions privilégiées de la Série D afin que Palios, Taracan et Limon ne dépassent pas 14,99 % de la détention d’actions ordinaires d’OceanPal.

Le dépôt confirme que les titres ont été acquis sans intention d’influencer le contrôle de l’émetteur. Aucun autre investisseur ne dépasse 5 % de détention, et aucun détail financier ou transactionnel n’est fourni.

OceanPal Inc. (Ticker: OP) � Schedule 13G/A (Änderung 5) vom 31.07.2025 offenbart aktualisierte Insider-Beteiligungen.

  • Simeon Palios besitzt wirtschaftlich 7.311.648 Stammaktien, entsprechend 5,17 % der ausstehenden Aktienklasse. Er hält gemeinsame Stimm- und Verfügungsrechte über die gesamte Position, keine alleinigen Rechte.
  • Zwei von ihm kontrollierte Marshall Islands Gesellschaften werden separat aufgeführt: Taracan Investments S.A. mit 4.962.962 Aktien (3,49 %) und Limon Compania Financiera S.A. mit 2.348.686 Aktien (1,68 %). Auch jede Gesellschaft hat nur gemeinsame Stimm-/Verfügungsrechte.
  • Eine am 15. Oktober 2024 unterzeichnete Umwandlungsvereinbarung begrenzt die kombinierte Umwandlung von Vorzugsaktien der Serie D, sodass Palios, Taracan und Limon zusammen nicht mehr als 14,99 % der OceanPal Stammaktien besitzen dürfen.

Die Meldung bestätigt, dass die Wertpapiere ohne Absicht zum Einfluss auf die Kontrolle des Emittenten erworben wurden. Keine weiteren Investoren überschreiten eine Beteiligung von 5 %, und es werden keine finanziellen Ergebnisse oder Transaktionsdetails angegeben.

Positive
  • Insider alignment: Principal shareholder Simeon Palios retains 7.31 M shares (5.17 %), signalling continued commitment to OceanPal.
  • Conversion cap: 14.99 % ceiling in the preferred-stock agreement limits potential dilution and control shifts.
Negative
  • None.

Insights

TL;DR � Neutral filing: Palios confirms a 5.17 % stake; ownership capped at 14.99 %, no control intent.

This Amendment 5 primarily refreshes beneficial-ownership data. Simeon Palios remains OceanPal’s largest named shareholder at 7.31 M shares, while two related entities hold additional—but individually sub-5 %—stakes. The 14.99 % cap in the 2024 preferred-stock Conversion Agreement effectively prevents creeping control or excessive dilution, which should reassure minority investors. Because no purchase, sale, or governance action is announced, the disclosure is informational rather than catalytic. Market impact is therefore expected to be minimal.

OceanPal Inc. (Ticker: OP) � Modifica al Schedule 13G/A (Emendamento 5) datata 31/07/2025, aggiorna la proprietà interna.

  • Simeon Palios detiene in modo beneficiario 7.311.648 azioni ordinarie, pari al 5,17 % della classe in circolazione. Possiede il potere di voto e dispositivi condiviso sull'intera posizione, senza poteri esclusivi.
  • Due entità delle Isole Marshall da lui controllate sono elencate separatamente: Taracan Investments S.A. con 4.962.962 azioni (3,49 %) e Limon Compañía Financiera S.A. con 2.348.686 azioni (1,68 %). Anche ciascuna entità ha solo poteri di voto/dispositivi condivisi.
  • Un Accordo di Conversione firmato il 15 ottobre 2024 limita la conversione combinata delle azioni privilegiate Serie D, in modo che Palios, Taracan e Limon non possano superare il 14,99 % della proprietà delle azioni ordinarie di OceanPal.

La dichiarazione conferma che i titoli sono stati acquisiti senza l'intenzione di influenzare il controllo dell'emittente. Nessun altro investitore supera il 5 % di proprietà e non sono forniti dettagli su risultati finanziari o transazioni.

OceanPal Inc. (Ticker: OP) � Schedule 13G/A (Enmienda 5) fechada el 31/07/2025 revela la propiedad actualizada de los insiders.

  • Simeon Palios posee beneficiosamente 7.311.648 acciones ordinarias, equivalentes al 5,17 % de la clase en circulación. Tiene poder de voto y dispositivos compartido sobre toda la posición, sin poder exclusivo.
  • Dos entidades de las Islas Marshall bajo su control se listan por separado: Taracan Investments S.A. con 4.962.962 acciones (3,49 %) y Limon Compañía Financiera S.A. con 2.348.686 acciones (1,68 %). Cada entidad también tiene solo poder de voto/dispositivo compartido.
  • Un Acuerdo de Conversión firmado el 15 de octubre de 2024 limita la conversión combinada de acciones preferentes Serie D para que Palios, Taracan y Limon no excedan el 14,99 % de propiedad de las acciones ordinarias de OceanPal.

La presentación confirma que los valores fueron adquiridos sin intención de influir en el control del emisor. Ningún otro inversor supera el 5 % de propiedad y no se proporcionan detalles financieros o de transacciones.

OceanPal Inc. (티커: OP) � Schedule 13G/A (수정 5) 2025� 7� 31일자, 내부� 지� 현황 업데이트� 공개합니�.

  • Simeon Palios7,311,648 보통�� 실질적으� 보유하고 있으�, 이 발행 주식� 5.17%� 해당합니�. 그 전체 지분에 대� 공동 의결� � 처분권을 가지� 있으� 단독 권한은 없습니다.
  • 그가 통제하 � 개의 마셜 제도 법인� 별도� 등재되어 있습니다: Taracan Investments S.A.4,962,962�(3.49%), Limon Compania Financiera S.A.2,348,686�(1.68%)� 보유하고 있습니다. � 법인 역시 공동 의결�/처분권만 보유합니�.
  • 2024� 10� 15일에 체결� 전환 계약은 Palios, Taracan � Limon� OceanPal 보통� 소유 지분을 14.99%� 초과하지 않도� 시리� D 우선주의 통합 전환� 제한합니�.

� 제출 문서� 증권� 발행사의 지배권� 영향� 미칠 의도 없이 취득되었음을 확인합니�. 다른 투자자 5% 이상� 지분을 보유하지 않으�, 재무 결과� 거래 세부 정보� 제공되지 않았습니�.

OceanPal Inc. (Symbole : OP) � Schedule 13G/A (Amendement 5) daté du 31/07/2025, révèle une mise à jour de la détention des initiés.

  • Simeon Palios détient effectivement 7 311 648 actions ordinaires, représentant 5,17 % de la classe en circulation. Il dispose d’un pouvoir de vote et de disposition 貹ٲé sur l’ensemble de la position, sans pouvoir exclusif.
  • Deux entités des Îles Marshall qu’il contrôle sont listées séparément : Taracan Investments S.A. avec 4 962 962 actions (3,49 %) et Limon Compañía Financiera S.A. avec 2 348 686 actions (1,68 %). Chaque entité dispose également uniquement d’un pouvoir de vote/disposition 貹ٲé.
  • Un Accord de Conversion signé le 15 octobre 2024 limite la conversion combinée des actions privilégiées de la Série D afin que Palios, Taracan et Limon ne dépassent pas 14,99 % de la détention d’actions ordinaires d’OceanPal.

Le dépôt confirme que les titres ont été acquis sans intention d’influencer le contrôle de l’émetteur. Aucun autre investisseur ne dépasse 5 % de détention, et aucun détail financier ou transactionnel n’est fourni.

OceanPal Inc. (Ticker: OP) � Schedule 13G/A (Änderung 5) vom 31.07.2025 offenbart aktualisierte Insider-Beteiligungen.

  • Simeon Palios besitzt wirtschaftlich 7.311.648 Stammaktien, entsprechend 5,17 % der ausstehenden Aktienklasse. Er hält gemeinsame Stimm- und Verfügungsrechte über die gesamte Position, keine alleinigen Rechte.
  • Zwei von ihm kontrollierte Marshall Islands Gesellschaften werden separat aufgeführt: Taracan Investments S.A. mit 4.962.962 Aktien (3,49 %) und Limon Compania Financiera S.A. mit 2.348.686 Aktien (1,68 %). Auch jede Gesellschaft hat nur gemeinsame Stimm-/Verfügungsrechte.
  • Eine am 15. Oktober 2024 unterzeichnete Umwandlungsvereinbarung begrenzt die kombinierte Umwandlung von Vorzugsaktien der Serie D, sodass Palios, Taracan und Limon zusammen nicht mehr als 14,99 % der OceanPal Stammaktien besitzen dürfen.

Die Meldung bestätigt, dass die Wertpapiere ohne Absicht zum Einfluss auf die Kontrolle des Emittenten erworben wurden. Keine weiteren Investoren überschreiten eine Beteiligung von 5 %, und es werden keine finanziellen Ergebnisse oder Transaktionsdetails angegeben.






Check the appropriate box to designate the rule pursuant to which this Schedule is filed:
Rule 13d-1(b)
Rule 13d-1(c)
Rule 13d-1(d)






SCHEDULE 13G





SCHEDULE 13G





SCHEDULE 13G




Comment for Type of Reporting Person: On October 15, 2024, the Issuer entered into a preferred stock conversion agreement (the "Conversion Agreement") with Limon Compania and Taracan (the "Holders") pursuant to which the Holders, together with their respective affiliates, agree not to exercise, and the Company agrees not to convert, the Holders' shares of Series D Preferred Stock to the extent that after giving effect to such exercise and conversion the Holders and their affiliates would beneficially own in excess of 14.99% of the Issuers' shares of common stock immediately outstanding after giving effect to the issuance of shares of common stock issuable upon exercise and conversion of the shares of Series D Preferred Stock.


SCHEDULE 13G



Simeon Palios
Signature:/s/ Simeon Palios
Name/Title:Simeon Palios
Date:08/01/2025
Taracan Investments S.A.
Signature:/s/ Simeon Palios
Name/Title:Simeon Palios, Principal
Date:08/01/2025
Limon Compania Financiera S.A.
Signature:/s/ Simeon Palios
Name/Title:Simeon Palios, Principal
Date:08/01/2025

FAQ

How many OceanPal (OP) shares does Simeon Palios currently own?

7,311,648 common shares, representing 5.17 % of the outstanding class.

What are the stakes of Taracan Investments and Limon Compania?

Taracan holds 4,962,962 shares (3.49 %), while Limon Compania holds 2,348,686 shares (1.68 %).

What ownership cap is imposed by the Conversion Agreement?

Palios, Taracan and Limon may not exceed 14.99 % of OceanPal’s common stock after converting Series D preferred shares.

Does the filing state any intent to change control of OceanPal?

No. The certification affirms the shares were not acquired to influence or change control of the issuer.

When is the event date that triggered this Schedule 13G/A?

The triggering event date is 07/31/2025.

What form type was filed and what does it signify?

An Amendment No. 5 to Schedule 13G, which updates passive beneficial ownership of more than 5 %.
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