OceanPal Inc. (OP) - Dilution Analysis

Visualizing historical and potential share dilution over time

Dilution Analysis

Medium Risk
Moderate dilution risk
Last updated: November 26, 2025

Risk Assessment Details

Potential Dilution: 792.18% of current shares
Recent Dilution: 0.53% (2 years)
Historical Dilution Factor: minimal recent dilution
Outstanding Shares
7.5M
Potential Supply
59M
Additional shares possible
Splits
None
Past 2 years

Summary

OP currently has 7.5M outstanding shares. with significant dilution risk as 59.5M authorized shares could dilute existing holders by 792.2%. The company has minimally diluted shareholders by 0.53% over the past 2 years.

Share Structure Timeline

Outstanding Shares
Total Supply

Historical Data Points

Date Event Outstanding Supply
Nov 26, 2025

F-3 filing: This F-3 filing from 2025-11-26 relates to the registration of common stock being sold by selling stockholders. The company may receive proceeds from the exercise of pre-funded warrants.

7.5M 59M
Sep 16, 2025

F-3 filing: This prospectus relates to the resale or other dispositions by certain selling shareholders identified in this prospectus or in a subsequent prospectus supplement of up to an aggregate of 145,978 shares of our common stock.

7.5M 59M
Jun 18, 2025

F-1 filing: OceanPal Inc. is offering 9,316,770 units, each consisting of one common share and one warrant to purchase one common share, and is granting the underwriter an over-allotment option.

7.5M 59M
Apr 15, 2025

20-F filing | 7.5M shares outstanding

7.5M 38M
Apr 15, 2024

20-F filing | 7.4M shares outstanding

7.4M 38M
Jun 30, 2023

F-3 filing: This is an F-3 filing by OceanPal Inc. to register for sale common stock (including related preferred stock purchase rights), preferred stock, debt securities, warrants, purchase contracts, rights and units, with an aggregate offering price not to exceed $250,000,000.

3.5M 38M
Apr 25, 2023

F-1 filing: This F-1 filing outlines OceanPal Inc.'s plan to distribute Common Shares and Series D Preferred Stock to Diana Shipping Inc.'s shareholders, with shareholders having the option to elect to receive either Common Shares or Series D Preferred Stock.

24M 38M
Apr 10, 2023

POS AM filing: This prospectus relates to the issuance of 1,447,400 shares of our common stock issuable upon the exercise of outstanding Class A Warrants at an exercise price of $7.70 per share, 15,000,000 shares of our common stock issuable upon the exercise of outstanding Class B Warrants at an exercise price of $1.01 per share, 950,000 shares of our common stock issuable upon the exercise of outstanding Pre-Funded Warrants at an exercise price of $0.01 per share and the resale of up to 15,000,000 shares of our common stock issuable upon the exercise of Private Placement Warrants to purchase shares of our common stock at an exercise price of $1.01 per share.

24M 38M
Mar 30, 2023

20-F filing | 0.9M shares outstanding

880K 53M
Feb 23, 2023

F-1 filing: OceanPal Inc. is offering 15,000,000 common shares issuable upon exercise of warrants by selling shareholders.

24M 53M
Oct 13, 2022

F-1 filing: This is an F-1 filing detailing the distribution of OceanPal Common Shares and Series D Preferred Stock to Diana Shipping shareholders.

30M 38M
Apr 22, 2022

POS AM filing: OceanPal Inc. is offering 15,571,429 Class A warrants to purchase shares of common stock pursuant to a Registration Statement on Form F-1.

30M 38M
Apr 07, 2022

20-F filing | 8.8M shares outstanding

8.8M 38M
Apr 07, 2022

F-1 filing: This is an F-1 filing for OceanPal Inc. offering 37,878,787 Units, each consisting of one share of common stock and one Class B Warrant, as well as pre-funded warrants in lieu of common stock under certain circumstances, with net proceeds used for general corporate purposes.

30M 38M
Apr 07, 2022

POS AM filing: This is a POS AM filing for OceanPal Inc. detailing information about the company's indemnification of directors and officers, risk factors, and offering details related to outstanding Class A Warrants.

30M 38M
Jan 12, 2022

F-1 filing: OceanPal Inc. is offering 7,453,621 Units consisting of common stock or pre-funded warrants and Class A Warrants and 1,777,148 shares of common stock and 1,777,148 Class A Warrants.

8.8M 11M
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