OceanPal Inc. Announces $122.5 Million Private Placement Offering

OceanPal Inc. has entered into subscription agreements with accredited investors for a private placement offering, raising approximately $122.5 million. The offering includes the sale of common stock and pre-funded warrants, with proceeds intended for the acquisition of NEAR Protocol tokens, establishment of NEAR treasury operations, working capital, and general corporate purposes. The transaction closed on October 28, 2025, with Clear Street LLC and Cohen & Company Capital Markets acting as placement agents. Additionally, the company amended its Series B and Series E Preferred Stock terms and announced changes to its board of directors, including the resignation of Chairperson Semiramis Paliou and the appointment of Salvatore Ternullo as Co-Chief Executive Officer.