OceanPal Inc. Announces Entry Into Support Agreement With Sphinx Investment Corp.; Sphinx Terminates its Proxy Contest and Enters Into Voting Commitment; Mr. Economou Expected to be Made Available to Provide Strategic Advice

May 17, 2024

https://www.globenewswire.com/news-release/2024/05/17/2884161/0/en/OceanPal-Inc-Announces-Entry-Into-Support-Agreement-With-Sphinx-Investment-Corp-Sphinx-Terminates-its-Proxy-Contest-and-Enters-Into-Voting-Commitment-Mr-Economou-Expected-to-be-Mad.html

ATHENS, Greece, May 17, 2024 (GLOBE NEWSWIRE) — OceanPal Inc. (“OceanPal” or the “Company”) (NASDAQ:OP) announced today that it has entered into a Support Agreement (the “Agreement”) with Sphinx Investment Corp. (“Sphinx”), an affiliate of George Economou, which owns approximately 14.1% of the Company’s outstanding common stock, providing for the future support of the Company and its Board by Sphinx.

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