OceanPal Inc. Announces NASDAQ Ticker Change from "OP" to "SVRN"
Rhea-AI Summary
OceanPal (NASDAQ: OP) announced a change of its Nasdaq ticker symbol from OP to SVRN. The change will take effect on Monday, November 17, 2025, and trading, regulatory filings, and market reporting will use the new symbol thereafter.
The company said no other corporate actions affecting common stock rights are being taken, shareholders are not required to take any action, the common stock will remain listed on Nasdaq, and the CUSIP will remain unchanged.
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News Market Reaction 7 Alerts
On the day this news was published, OP gained 7.81%, reflecting a notable positive market reaction. Argus tracked a peak move of +4.8% during that session. Our momentum scanner triggered 7 alerts that day, indicating moderate trading interest and price volatility. This price movement added approximately $3M to the company's valuation, bringing the market cap to $44M at that time.
Data tracked by StockTitan Argus on the day of publication.
Beginning Monday, November 17, 2025, shares of the Company's common stock will trade on Nasdaq under the new ticker symbol "SVRN" and all trading activity, regulatory filings, and market-related information will be reported under the new symbol. The Company is not undertaking any other corporate action that affects the rights of outstanding common stock, and no action is required by shareholders in connection with the ticker symbol change. The Company's common stock will continue to be listed on Nasdaq, and its CUSIP will remain unchanged.
About OceanPal Inc.
OceanPal Inc. is a global provider of shipping transportation services, specializing in the ownership and operation of dry bulk vessels and product tankers. OP is engaged in the seaborne transportation of bulk commodities, including iron ore, coal, and grain, as well as refined petroleum products. OP's fleet is primarily employed on time charter trips with short to medium duration and spot charters, with a strategic focus on maximizing long-term shareholder value.
About SovereignAI
SovereignAI is a wholly owned subsidiary of OP formed to implement the company's digital asset treasury strategy, and developer of confidential AI infrastructure offering a superior path to get exposure to the intersection of AI and blockchain in the public markets. SovereignAI will use NEAR Protocol's purpose-built technology to establish private, user-owned agentic commerce. Funds generated by SovereignAI's holistic treasury management strategy of NEAR tokens will be used to further the Company's goal of building unique blockchain-native AI infrastructure.
To learn more about SovereignAI, please visit: https://www.svrn.net/
Media Contact: svrn@mgroupsc.com
View original content:https://www.prnewswire.com/news-releases/oceanpal-inc-announces-nasdaq-ticker-change-from-op-to-svrn-302616156.html
SOURCE OceanPal Inc.
FAQ
When will OceanPal change its Nasdaq ticker from OP to SVRN?
Do OceanPal shareholders need to take any action for the OP to SVRN ticker change?
Will OceanPal shares remain listed on Nasdaq after the ticker change to SVRN?
Will OceanPal's CUSIP or shareholder rights change when the ticker becomes SVRN?
How will regulatory filings and market data be reported after OceanPal switches to SVRN?
How can investors find OceanPal stock quotes after the ticker changes to SVRN?
