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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
OPOceanPal (OP) Newsfilter·2024-05-17 19:35

I am pleased that OceanPal and Sphinx have been able to put aside their differences. We value Sphinx's interest in the Company, and I and the rest of the board look forward to further discussing with George his views on opportunities to create value for OceanPal's stockholders. The Agreement also includes customary standstill provisions, mutual releases and non-disparagement and expense reimbursement terms, among others. ATHENS, Greece, May 17, 2024 (GLOBE NEWSWIRE) -- OceanPal Inc. ("OceanPal" or the "Comp ...