On September 28, 2023, an OceanPal SEC filing revealed that Sphinx Investment Corp. had raised its ownership in OceanPal, now holding a substantial stake of 9.1%.
The Schedule 13G is a mandatory report that institutional investors are required to submit to the SEC when their ownership in a company surpasses 5%.
The latest development showcases the growing confidence and belief that Sphinx Investment Corp. has in OceanPal’s potential for future success.