OceanPal prices 10.98M units at $1.64 in upsized public offering

Written by Emily J. Thompson, Senior Investment Analyst

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Updated: Jul 21 2025

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Public Offering Announcement: OceanPal has priced its upsized public offering of 10,975,600 units at $1.64 per unit, which includes one common share and one warrant for each unit.
Financial Details: The offering is expected to generate approximately $18 million in gross proceeds and is set to close on July 22, pending customary closing conditions, with Maxim Group as the sole book-running manager.

About the author

Emily J. Thompson

Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.

OceanPal prices 10.98M units at $1.64 in upsized public offering

About the author

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