OceanPal retires 12,185 Series C preferred shares in vessel-holding unit sale
Reuters2026/08/03 20:26- OceanPal completed a non-cash sale of its vessel-holding subsidiary on July 31, 2026, cancelling all 12,185 shares of 8.0% Series C Cumulative Convertible Perpetual Preferred Stock.
- All accrued dividends on the Series C Preferred Stock were paid in full as of July 2026.
- The transaction also cancelled USD 5 million of outstanding promissory notes, leaving the group with no debt for borrowed money.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Ivy League’s space gamble: Harvard reveals $2.2 billions SpaceX position, its largest single stock holding
Harvard University Investment Management Company disclosed that it holds $2.2 billion worth of SpaceX shares, making it the largest single stock position in its $4.3 billion US equity portfolio. This holding originated from Harvard’s early investment in SpaceX through venture capital funds, and the position has significantly appreciated after SpaceX’s public listing in June this year. The University of California also disclosed a roughly $1 billion position in SpaceX during the same period. Over the past decade, endowment funds from several universities have made substantial bets on private tech assets.
Circle obtains Major Payment Institution license in Singapore
Crypto prices
More
