Every Spin-Off
OceanPal
OPCompletedSpinoff of three vessels into OceanPal (OP)
- Distribution date
- 29 Nov 2021
- Structure
- Spin-off
- Parent
- Diana Shipping (DSX)
- Spin-off ticker
- OP
- 2-year mark
- 29 Nov 2023
- Market
- United States
Section 355 clock. Two years from the distribution, an acquirer can generally step in without putting the tax-free status at risk.Window passed
29 Nov 2021100%29 Nov 2023
Source documents
- Press releaseCompletion release (11/30/21)
- PresentationNot located
- Information statementProspectus
Every Spin-Off research
No report on this situation yet. New reports are published on Substack first.
Receive reports by email