OceanPal Authorizes $10 Million Stock Buyback of SVRN
OceanPal announced that the board of directors of the Company has authorized the repurchase of up to $10 million of SVRN's outstanding common stock by utilizing premiums generated from the Company's options strategy. This program demonstrates the Board's and the Company's newly combined management team's conviction in SVRN's recently announced shift in strategy and ongoing commitment to generating shareholder value.
