OceanPal (OP) files Articles of Amendment to implement reverse stock split

OceanPal (Nasdaq: OCEA) said it sold its entire interest in OP Vessel Holdco to Sezali Inc, an affiliate of former chair Semiramis Paliou, on July 31. The deal covered four vessels and a stake in RFSea Infrastructure II, with no cash paid. OceanPal cancelled Series C preferred shares and $5m notes. OceanPal is pivoting to crypto and AI, holding NEAR tokens.

OceanPal said it sold its entire interest in shipowning subsidiary OP Vessel Holdco to Sezali Inc, an affiliate of former chairwoman and current Diana Shipping CEO Semiramis Paliou, on July 31. The deal transfers vessels including Panamax bulk carriers Calipso and Melia, MR2 tanker Zeze Start, and OceanPal’s RFSea Infrastructure II stake. No cash changed hands; OceanPal’s Series C preferred shares and $5m notes were cancelled.

OceanPal, the US-listed shipping firm, completed on 31 July the sale of its remaining vessel-holding subsidiary OP Vessel Holdco LLC to Sezali Inc, an affiliate of former chair Semiramis Paliou. OceanPal received 12,185 shares of its 8.0% Series C preferred stock and cancellation of US$5M promissory notes. It now runs only SovereignAI to monetize NEAR Protocol, and Paliou’s stake fell to 3.74% per an Aug 4 SEC filing.

OceanPal Inc. (NASDAQ: SVRN) said it completed July 31, 2026 sale of its vessel-holding subsidiary OP Vessel Holdco LLC to Sezali Inc. Consideration was cancellation of all 12,185 shares of 8.0% Series C preferred stock and cancellation of $5.0 million promissory notes. The deal retires Series C, leaves no debt for borrowed money, and leaves SovereignAI Services LLC as the sole operating business.

Albertsons Companies said it is voluntarily recalling four ready-to-eat products containing jalapeños supplied by Taylor Farms, including items sold at Randalls in Texas. The recall followed a supplier recall tied to an ongoing federal investigation and an FDA probe of a Salmonella Javiana outbreak. FDA reported 345 illnesses in 27 states, 36 hospitalizations, no deaths.

U.S. health authorities are investigating a Salmonella outbreak linked to Mexican jalapeño peppers. The CDC and FDA say 345 people are ill across 27 states, with 36 hospitalizations and no deaths. The supplier, Coast Citrus Distributors, recalled peppers sent to restaurants including Chipotle and QDOBA. Chipotle removed jalapeños from some outlets and shares fell over 8% on Aug. 4.