OceanPal executes 1-for-20 reverse stock split to keep Nasdaq listing

This is company’s second reverse stock split since its founding in late 2021

OceanPal bought the 76,225-dwt panamax bulker Melia (built 2005) for $14m from Diana Shipping in February.
OceanPal bought the 76,225-dwt panamax bulker Melia (built 2005) for $14m from Diana Shipping in February.Photo: Diana Shipping
Published 7 June 2023, 16:21Updated 7 June 2023, 16:21
USreverse stock splitDiana ShippingOceanPal