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. shareholder Semiramis Paliou, together with Tuscany Shipping Corp. and 4 Sweet Dreams S.A., has filed Amendment No. 43 to update their ownership in the company’s common stock. As of January 8, 2026, they report beneficial ownership of 7,759,546 OceanPal shares, equal to 19.47% of the 34,300,471 shares outstanding.
The position is held mainly through 6,250 shares of Series C Preferred Stock, convertible into 5,563,468 common shares, plus 2,196,078 common shares received in a PIPE transaction. The amendment reflects a decrease in percentage ownership arising from the sale and tender of previously held Series D Preferred Stock, partially offset by a lower conversion price on the Series C Preferred Stock.
The preferred shares are subject to ownership limits that prevent the Reporting Persons from exceeding 49% of outstanding common stock, and a Shareholder Covenant Agreement restricts conversions and transfers without OceanPal’s prior written consent. Paliou resigned as a director and Chairperson on October 28, 2025 and states that the holdings are for investment purposes, while reserving the right to buy or sell shares and to discuss strategic alternatives with management, the board, and other shareholders.
OceanPal Inc. received Amendment No. 23 to a Schedule 13D from Abra Marinvest Inc. and Ioannis Zafirakis updating their ownership in the company’s common stock. As of January 8, 2026, they report beneficial ownership of 2,717,827 shares, or 7.52% of OceanPal’s 34,300,471 shares outstanding. This stake consists of 2,084 Series C Preferred shares convertible into 1,855,082 common shares plus 862,745 common shares issued in an October 28, 2025 PIPE.
The amendment notes a decrease in percentage ownership tied to the sale and tender of Series D Preferred Stock, partly offset by a lower conversion price on the Series C Preferred. Conversions of both Series C and Series D are limited by a 49% beneficial ownership cap and a Shareholder Covenant requiring the issuer’s consent for conversions or transfers. Zafirakis, a director and Executive Committee member, states the holdings are for investment purposes but may be increased or reduced over time.
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.
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