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OceanPal Inc ( (SVRN) ) has shared an update.
OceanPal Inc. has amended its Amended and Restated Articles of Incorporation to implement a one-for-twenty reverse stock split of its common shares, effective with the commencement of business on March 30, 2026. The move reduces the company’s issued common stock from 37,517,290 to 1,875,864 shares and cuts stated capital from $375,172.90 to $18,758.64, while keeping the par value at $0.01 per share.
The reverse split, authorized by both the board and shareholders and filed with the Registrar of Corporations of the Republic of the Marshall Islands on March 27, 2026, is intended to consolidate OceanPal’s equity base and is likely aimed at supporting its U.S. listing and capital-raising flexibility. The company has also incorporated this corporate action by reference into its effective F-3 registration statements, underscoring its continued use of the public markets for potential future financing.
The most recent analyst rating on (SVRN) stock is a Hold with a $0.91 price target. To see the full list of analyst forecasts on OceanPal Inc stock, see the SVRN Stock Forecast page.
Spark’s Take on SVRN Stock
According to Spark, TipRanks’ AI Analyst, SVRN is a Neutral.
The score is held down primarily by sharply weakened profitability and significant 2024 cash burn, alongside bearish technical momentum (price below key moving averages and negative MACD). A debt-free balance sheet provides some stability, while valuation is difficult to assess due to losses and no dividend data.
To see Spark’s full report on SVRN stock, click here.
More about OceanPal Inc
OceanPal Inc. is a Marshall Islands-incorporated shipping company based in Athens, Greece, operating in the maritime transportation sector. The company is listed in the U.S. as a foreign private issuer and accesses U.S. capital markets through shelf registration statements on Form F-3, reflecting a focus on raising equity and maintaining its listing in the American securities markets.
Average Trading Volume: 4,858,935
Technical Sentiment Signal: Strong Sell
Current Market Cap: $10.9M
For an in-depth examination of SVRN stock, go to TipRanks’ Overview page.