OceanPal (NASDAQ:OP [https://seekingalpha.com/symbol/OP]) was trading lower after the shipping company announced [https://seekingalpha.com/pr/20208161-oceanpal-inc-announces-reverse-stock-split-to-be-effective-august-25-2025] a 1-for-25 reverse stock split, effective as of August 25 trading open.
Shares were -24.22% Thursday pre-market to $0.08.
The share consolidation was approved at the company's May 20 annual meeting of shareholders.
New CUSIP number is set to be Y6430L301.
The number of outstanding common shares will reduce to ~6.7M shares from ~167.4M.
MORE ON OCEANPAL
* Financial information for OceanPal [https://seekingalpha.com/symbol/OP/income-statement]
OceanPal announces 1-for-25 reverse stock split
Published 2 months ago
Aug 21, 2025 at 1:34 PM
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