Welcome to our dedicated page for Oceanpal SEC filings (Ticker: OP), a comprehensive resource for investors and traders seeking official regulatory documents including 10-K annual reports, 10-Q quarterly earnings, 8-K material events, and insider trading forms.
The SEC filings page for OceanPal Inc. (historically Nasdaq: OP) provides access to the company’s regulatory disclosures as a foreign private issuer. OceanPal files its annual information on Form 20-F and furnishes interim and event-driven updates on Form 6-K. These filings cover topics such as financial condition and results of operations, capital markets transactions, auditor changes, reverse stock splits, ticker symbol changes, and equity compensation awards.
For investors analyzing OceanPal’s shipping activities, Form 6-K submissions include management’s discussion and analysis, unaudited interim consolidated financial statements, and detailed fleet data. The company reports time charter revenues, voyage expenses, vessel operating expenses, and non-GAAP measures like time charter equivalent (TCE) rates and daily vessel operating expenses, along with ownership days, available days, operating days, and fleet utilization. These disclosures help readers understand how OceanPal’s dry bulk and tanker fleet performs under time charter and spot employment.
OceanPal’s filings also document capital raising and structural actions. In 2025, the company filed reports describing an upsized public offering of units under an effective Form F-1 registration statement, a large private investment in public equity (PIPE) transaction involving common shares and pre-funded warrants, and the establishment of an at-the-market offering program under a Sales Agreement with co-sales agents. Additional 6-Ks outline a one-for-twenty-five reverse stock split implemented through Articles of Amendment in the Republic of the Marshall Islands and confirm that the company regained compliance with Nasdaq’s minimum bid price requirement.
Another area of focus in OceanPal’s SEC disclosures is its digital asset treasury and governance. Filings describe the formation of SovereignAI Services LLC to implement a NEAR token treasury strategy, the use of PIPE proceeds to acquire NEAR tokens, and subsequent reports on SovereignAI’s NEAR holdings and yield. Other 6-Ks record changes in auditors, amendments to preferred share designations, an amended and restated stockholders rights agreement, and appointments and resignations of directors and senior executives. Stock Titan’s platform can pair these filings with AI-powered summaries to highlight key terms, structural changes, and treasury developments, helping readers navigate complex documents such as registration statements, stockholders rights agreements, and equity award arrangements.
OceanPal Inc. reported changes to its Board of Directors. On January 20, 2026, Grigorios-Filippos Psaltis resigned from the board and from the company’s Compensation Committee, effective immediately. He informed the company that his resignation was not due to any disagreement over operations, policies, or practices.
Immediately following this resignation, OceanPal appointed James Gereghty, Jr. as a Class II director for the remainder of Mr. Psaltis’ term, and added him to the Audit Committee. Mr. Gereghty is an experienced investment advisor, serving as Managing Partner of Kips Bay Consulting LLC since 2020 and Managing Director and Partner of Solaia Capital Advisors LLC since 2019. He will be compensated under the company’s standard program for non-employee directors.
OceanPal Inc. reports a board change, with Ms. Styliani Alexandra Sougioultzoglou resigning as director and Compensation Committee member effective December 11, 2025. She stated her departure was not due to any disagreement with the company on operations, policies, or practices.
Immediately following her resignation, the company appointed Mr. Richard Mortimer Muirhead as a Class I director for the remainder of her term, and he will also serve on the Compensation Committee. Mr. Muirhead is a frontier technology entrepreneur, board director, and investor with a four-decade career across enterprise software, cloud infrastructure, decentralized networks, and frontier AI systems, and currently serves as Co-Founder and Managing General Partner of Fabric Group.
OceanPal Inc. reports that its board granted new restricted stock awards to key executives, employees, and business advisors of the company and its subsidiary SovereignAI Services LLC. On November 25, 2025, the company issued an aggregate of 2,192,142 restricted shares of common stock to executives Salvatore Ternullo, David Schwed, and David Schack as inducement awards outside the 2021 Equity Incentive Plan. These awards begin time-vesting 25% on September 1, 2026, September 22, 2026, and November 1, 2026, respectively, then in equal monthly installments over 36 months, with provisions for pro rata or full acceleration upon certain terminations and change in control events.
The company also issued an aggregate of 986,582 restricted shares to advisors and an independent contractor under advisory and restricted stock agreements. Portions of these advisor shares vest on January 31, 2026, with the balance vesting in equal monthly installments over up to 22 months, generally without change-in-control acceleration for the independent contractor. The advisor shares were issued in private placements relying on Securities Act Section 4(a)(2), and the information is incorporated by reference into OceanPal’s effective Form F-3 registration statements.
OceanPal Inc. reports that its wholly owned subsidiary, SovereignAI Services LLC, held approximately 53.9 million NEAR tokens as of November 13, 2025, valued at about $133 million and representing around 4.2% of the total NEAR token supply. Since its inception on October 28, 2025, this digital asset treasury position has achieved an estimated 5.3% gross annual percentage yield before fees. The company also announces that its Nasdaq Capital Market trading symbol changed from “OP” to “SVRN”, with the new ticker effective November 17, 2025.
OceanPal Inc. appointed David L. Schwed as Chief Operating Officer, effective October 31, 2025. The 6-K notes that this report is incorporated by reference into the company’s effective shelf registration statements on Form F-3 (File Nos. 333-269961 and 333-273073).
Schwed is a cybersecurity and information technology executive with experience leading large-scale programs and teams. He previously served as Chief Information Security Officer, Brokerage & Money at Robinhood, Global Head of Digital Assets Technology at BNY, and CISO at Galaxy. He founded and led a telecommunications network management company that was later acquired by Windstream Holdings in 2018. He holds a Juris Doctor, magna cum laude, from Hofstra University School of Law.
OceanPal Inc. established an at-the-market equity program, allowing it to sell common shares from time to time for up to $250,000,000, subject to the limitations set forth in General Instruction I.B.5 of Form F-3, which limits sales to an aggregate sales price of up to $20,127,131 based on the $2.20 closing price on Nasdaq as of October 27, 2025.
Clear Street LLC and Cohen & Company Capital Markets will act as co-sales agents under a Sales Agreement, with commissions of up to 3.00% of aggregate gross proceeds. Sales may occur as “at the market offerings,” negotiated transactions, or block trades, and neither the company nor the agents are obligated to sell any shares; the offering may be suspended or terminated upon notice. OceanPal filed a prospectus supplement on October 29, 2025 under its effective Form F-3 shelf, and agreed to reimburse up to $75,000 of agents’ legal expenses, plus certain ongoing legal costs.
OceanPal Inc. launched an at-the-market (ATM) offering of up to $20,127,131 of common stock under a Sales Agreement with Clear Street LLC and Cohen & Company Capital Markets. The Sales Agents will use commercially reasonable efforts to sell shares from time to time, and will earn up to 3.0% of gross proceeds. Shares may also be sold to the Sales Agents as principals under separately agreed terms.
The company plans to use net proceeds primarily to acquire NEAR tokens, and also for working capital, repurchases of common stock, general corporate purposes and operating expenses, including potential acquisitions or investments. As of October 28, 2025, OceanPal had 31,121,477 shares outstanding; the company illustrates 42,689,164 shares outstanding after the full ATM at an assumed price of $1.74 per share. OceanPal’s public float was approximately $60,381,394 based on the SEC’s calculation method, making the ATM size consistent with the Form F-3 “baby shelf” one‑third limit.
OceanPal Inc. announced that Ernst & Young (Hellas) Certified Auditors Accountants S.A. resigned as its independent registered public accounting firm, effective October 28, 2025. EY’s audit reports for the years ended December 31, 2024 and 2023 contained no adverse opinion or disclaimer of opinion and were not qualified or modified as to uncertainty, audit scope, or accounting principles.
The company states there were no disagreements with EY and no reportable events during those periods through the date of resignation. EY’s confirmation letter is furnished as Exhibit 16.1. Upon audit committee approval, OceanPal expects to engage a new independent auditor and will announce the engagement when it occurs. The report is intended to satisfy Item 16F(a) reporting for the year ending December 31, 2025 and is incorporated by reference into the company’s effective Form F-3 registration statements (File Nos. 333-269961 and 333-273073).
OceanPal Inc. (OP) completed a private PIPE financing, raising approximately $122.5 million in gross proceeds. The transaction combined a cash offering of 10,759,994 common shares at $1.275 per share with a cryptocurrency offering of 10,136,033 common shares at $1.275 and pre‑funded warrants exercisable for 75,210,318 shares at a $0.01 exercise price.
The company plans to use net proceeds to acquire the native token of the NEAR Protocol, establish NEAR treasury operations, and for working capital and general corporate purposes. Under lock‑ups, purchasers agreed not to sell until the resale registration is effective, and for 50% of their holdings, for 30 days thereafter. OceanPal agreed to file a resale registration within 30 days of closing.
Governance actions accompanied the financing: the board limited Series B voting power to 9.99% and removed conversion rights from Series E. Holders of Series B and E sold their preferred shares to certain cryptocurrency purchasers and incoming management; insiders and prior preferred holders will receive 3,529,411 new common shares and about $10.5 million in cash from cash‑offering proceeds. Salvatore Ternullo was appointed Chairperson and Co‑CEO, succeeding Semiramis Paliou, who resigned.
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