On January 5, 2024, Sphinx Investment Corp announced that it has submitted a further formal notice to OceanPal Inc to propose to propose the nominations of, and to nominate, John Liveris and Georgios Kokkodis for election to the board of directors of the Company at the 2024 annual meeting of shareholders. In addition, Sphinx notified the Company that, pursuant to the Supplemental Notice, of its decision to propose and to bring before the meeting the additional stockholder proposals at the 2024 Annual Meeting: (a) an advisory non-binding proposal that the Board be declassified prior to the first annual meeting of the Issuer to be held after the 2024 Annual Meeting, and (b) Company?s stockholders request the resignation from the Board of each of (i) Semiramis Paliou, (ii) Styliani Alexandra Sougioultzoglou, (iii) Alexios Chrysochoidis, (iv) Eleftherios Papatrifon and (v) Grigorios-Filippos Psaltis. Further, Sphinx stated that it intends to solicit proxies in favor of the election of the Nominees and the other Proposals.