OceanPal announces up to $10M share repurchase program; shares jump over 10%

* OceanPal (SVRN [https://seekingalpha.com/symbol/SVRN]) announced on Monday that the board of directors of the company has authorized the repurchase of up to $10 million of SVRN's outstanding common stock by utilizing premiums generated from its options strategy. 
* Commencing on December 1st, 2025, SVRN may repurchase up to $10 million of outstanding common stock.
* SVRN +10.21% premarket to $1.51.
* Source: Press Release [https://seekingalpha.com/pr/20323583-oceanpal-inc-announces-up-to-us-10-million-share-repurchase-program]

MORE ON OCEANPAL

* Seeking Alpha’s Quant Rating on OceanPal [https://seekingalpha.com/symbol/SVRN/ratings/quant-ratings]
* Financial information for OceanPal [https://seekingalpha.com/symbol/SVRN/income-statement]