OceanPal, which spun off rom Diana Shipping in 2021 with four bulkers, has pulled the trigger on a 1-for-10 reverse stock split to prevent its shares from delisting on the Nasdaq stock exchange.
The split, which was endorsed at an annual general meeting held on 5 April, will become effective on Wednesday, the owner said.
The number of outstanding common shares will fall to 10.2m
