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OceanPal (NASDAQ: SVRN) regains Nasdaq bid price compliance

Filing Impact
(Neutral)
Filing Sentiment
(Neutral)
Form Type
6-K

Rhea-AI Filing Summary

OceanPal Inc. reports that Nasdaq has confirmed the company has regained compliance with the exchange’s minimum bid price requirement under Listing Rule 5550(a)(2), meaning its shares continue to meet Nasdaq Capital Market listing standards. Management says this allows full focus on the company’s dual strategy.

OceanPal is evolving from a pure-play shipping operator into a diversified business built around a NEAR Protocol digital asset treasury of approximately 55 million NEAR tokens and a traditional maritime division. Through subsidiary SovereignAI, it manages what it describes as the first publicly traded NEAR Protocol treasury, while its fleet of three vessels continues transporting dry bulk commodities and refined products.

Positive

  • Nasdaq listing compliance restored: The company has regained compliance with Nasdaq’s minimum bid price requirement under Listing Rule 5550(a)(2), removing an immediate delisting risk and supporting continued trading on the Nasdaq Capital Market.

Negative

  • None.

Insights

Regaining Nasdaq bid-price compliance removes an immediate delisting overhang for OceanPal.

OceanPal confirms that Nasdaq now deems the company in compliance with the minimum bid price requirement under Listing Rule 5550(a)(2). This keeps the shares eligible for continued trading on the Nasdaq Capital Market, avoiding the disruption and visibility loss that a move to an over-the-counter venue can bring.

The company’s narrative also highlights its strategic pivot. It combines a conventional shipping fleet of three vessels with a NEAR Protocol digital asset treasury of about 55 million NEAR tokens, managed via its SovereignAI subsidiary. Execution risk now centers on managing shipping market cycles alongside the highly volatile pricing and regulatory environment for digital assets described in its risk discussion.

Future company communications may clarify how value creation is balanced between accumulating NEAR, generating staking yield, and operating the maritime segment, all within the macro and regulatory factors the company cites, such as digital asset uncertainty and geopolitical risks affecting shipping routes.

NEAR Protocol treasury size approximately 55 million NEAR tokens Digital asset treasury including collateral pledged to counterparties
Fleet size 3 vessels Maritime division fleet of two Panamax dry bulk carriers and one MR2 product tanker
Panamax dry bulk carriers 2 vessels Part of OceanPal’s dry bulk shipping operations
MR2 product tanker 1 vessel Used to transport refined petroleum products
minimum bid price requirement regulatory
"has regained compliance with the minimum bid price requirement set forth in Nasdaq Listing Rule 5550(a)(2)"
A minimum bid price requirement is a rule that a stock must trade above a set price for a specified period to stay listed on an exchange. It matters to investors because falling below that threshold can trigger warnings or removal from the exchange, which can cut liquidity, reduce visibility, and often lead to sharper declines in share value—think of it like a venue’s minimum dress code that, if not met, can bar a performer from the stage.
Nasdaq Capital Market regulatory
"the Company is in compliance with the Nasdaq Capital Market's listing requirements"
The Nasdaq Capital Market is a platform where smaller, emerging companies can list their shares for trading by investors. It provides these companies with access to funding and visibility, helping them grow, much like a local marketplace where new vendors can introduce their products to potential customers. For investors, it offers opportunities to discover early-stage companies with growth potential.
NEAR Protocol financial
"treasury strategy anchored in the NEAR Protocol blockchain"
institutional staking financial
"generating yield through institutional staking"
Institutional staking is the practice where professional investors, funds or custodians lock or delegate digital tokens to a blockchain’s proof-of-stake system to earn network rewards and help validate transactions. It matters to investors because it can deliver steady, bond-like returns while changing a token’s liquidity and adding custody and regulatory considerations; institutions act like a bank managing term deposits for large holders who don’t want to run the technical systems themselves.
forward-looking statements regulatory
"Matters discussed in this press release may constitute forward-looking statements"
Forward-looking statements are predictions or plans that companies share about what they expect to happen in the future, like estimating sales or profits. They matter because they help investors understand a company's outlook, but since they are based on guesses and assumptions, they can sometimes be wrong.
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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

FORM 6-K

REPORT OF FOREIGN PRIVATE ISSUER
PURSUANT TO RULE 13a-16 OR 15d-16
OF THE SECURITIES EXCHANGE ACT OF 1934

For the month of April 2026
Commission File Number: 001-40930

OCEANPAL INC.
(Translation of registrant’s name into English)

Pendelis 26, 175 64 Palaio Faliro, Athens, Greece
(Address of principal executive office)

Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F.
Form 20-F ☒ Form 40-F ☐




INFORMATION CONTAINED IN THIS FORM 6-K REPORT

Attached to this Report on Form 6-K as Exhibit 99.1 is a press release dated April 16, 2026, of OceanPal Inc. (the “Company”), announcing that it has has regained compliance with the minimum bid price requirement set forth in Nasdaq Listing Rule 5550(a)(2).

The information contained in this report on Form 6-K, excluding the commentary from Co-Chief Executive Officer of the Company, Salvatore Ternullo, is hereby incorporated by reference into the Company’s registration statements on Form F-3 (File Nos. 333-269961, 333-273073 and 333-291831) that were filed with the U.S. Securities and Exchange Commission and became effective on April 18, 2023, July 14, 2023 and December 10, 2025, respectively.






SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.


 
OCEANPAL INC.
(registrant)
 
Dated: April 16, 2026
By: /s/ Salvatore Ternullo
 
Salvatore Ternullo
 
Co-Chief Executive Officer





Exhibit 99.1


OceanPal Regains Nasdaq Compliance; Listing Panel Confirms Continued Listing
Nasdaq Affirms OceanPal as a Qualified Listed Company; Company to Continue Advancing NEAR Treasury Strategy and Commercial Ecosystem Adoption

ATHENS, Greece and NEW YORK, April 16, 2026 /PRNewswire/ -- OceanPal Inc. ("OceanPal" or the "Company", NASDAQ: SVRN) today announced that the Nasdaq Listing Qualifications staff have confirmed that OceanPal has regained compliance with the minimum bid price requirement set forth in Nasdaq Listing Rule 5550(a)(2) and that the Company is in compliance with the Nasdaq Capital Market's listing requirements.

OceanPal continues to execute a significant strategic evolution—expanding from a pure-play shipping operator into a diversified company anchored by its NEAR Protocol treasury of approximately 55 million NEAR tokens (including collateral pledged to counterparties), which the Company believes is the only institutionally managed NEAR position of its kind available to public market investors. With this matter resolved, leadership is focused on executing across both business segments.

"With this matter behind us, the team is focused entirely on execution. Our priorities are clear: compound value through NEAR accumulation, and accelerate the commercial adoption of NEAR Protocol, which is central to our long-term thesis," said Salvatore Ternullo, Co-CEO of OceanPal and CEO of its subsidiary SovereignAI.

About OceanPal Inc.
OceanPal Inc. (NASDAQ: SVRN) is a diversified operating company that combines global shipping transportation services with a digital asset treasury strategy anchored in the NEAR Protocol blockchain. Through its wholly-owned subsidiary SovereignAI Services LLC, the Company operates the first publicly traded NEAR Protocol treasury, accumulating NEAR tokens, generating yield through institutional staking, and offering investors regulated public market exposure to the NEAR ecosystem. The Company's maritime division owns and operates a fleet of three vessels — two Panamax dry bulk carriers and one MR2 product tanker — engaged in the seaborne transportation of bulk commodities including iron ore, coal, and grain, as well as refined petroleum products. OceanPal is focused on compounding long-term shareholder value through disciplined capital allocation across both business segments.

Forward-Looking Statements

Matters discussed in this press release may constitute forward-looking statements. The Private Securities Litigation Reform Act of 1995 provides safe harbor protections for forward-looking statements in order to encourage companies to provide prospective information about their business. Forward-looking statements include statements concerning plans, objectives, goals, strategies, future events or performance, and underlying assumptions and other statements.

The Company desires to take advantage of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995 and is including this cautionary statement in connection with this safe harbor legislation. The words "believe," "anticipate," "intends," "estimate," "forecast," "project," "plan," "potential," "may," "should," "expect," "pending" and similar expressions identify forward-looking statements.

The forward-looking statements in this press release are based upon various assumptions, many of which are based, in turn, upon further assumptions, including, without limitation, Company management's examination of historical operating trends, data contained in the Company's records and other data available from third parties. Although the Company believes that these assumptions were reasonable when made, because these assumptions are inherently subject to significant uncertainties and contingencies that are difficult or impossible to predict and are beyond the Company's control, the Company cannot assure you that it will achieve or accomplish these expectations, beliefs or projections.

In addition to these important factors, other important factors that, in the Company's view, could cause actual results to differ materially from those discussed in the forward-looking statements include the strength of world economies and currencies, general market conditions, including fluctuations in charter rates and vessel values, the highly volatile nature of the price of NEAR Protocol tokens and other digital assets, changes in demand for dry bulk and petroleum products shipping capacity, changes in the Company's operating expenses, changes in governmental rules and regulations or actions taken by regulatory authorities with respect to both maritime and digital asset activities, significant legal, commercial, regulatory and technical uncertainty regarding digital assets generally, potential liability from pending or future litigation, general domestic and international political conditions, including risks associated with the continuing conflict between Russia and Ukraine and related sanctions, potential disruption of shipping routes due to accidents or political events, including the escalation of the conflict in the Middle East, vessel breakdowns and instances of off-hires, and other factors. Please see the Company's filings with the U.S. Securities and Exchange Commission for a more complete discussion of these and other risks and uncertainties.

The Company undertakes no obligation to revise or update any forward-looking statement, or to make any other forward-looking statements, whether as a result of new information, future events or otherwise.



Source: View Original Filing on SEC EDGAR

FAQ

What did OceanPal (SVRN) announce regarding its Nasdaq listing?

OceanPal announced that Nasdaq’s Listing Qualifications staff confirmed the company has regained compliance with the minimum bid price requirement under Listing Rule 5550(a)(2). This means OceanPal currently meets the Nasdaq Capital Market’s listing standards and its shares remain eligible for trading on that exchange.

How is OceanPal (SVRN) changing its business strategy?

OceanPal is evolving from a pure-play shipping company into a diversified operator combining maritime services with a NEAR Protocol digital asset treasury. It emphasizes compounding value through NEAR token accumulation and institutional staking, while continuing to run its shipping fleet and pursue commercial adoption of NEAR Protocol.

What is OceanPal’s exposure to NEAR Protocol tokens?

OceanPal states it has a NEAR Protocol treasury of approximately 55 million NEAR tokens, including collateral pledged to counterparties. Through its subsidiary SovereignAI, it manages what it describes as the first publicly traded NEAR Protocol treasury, giving public investors regulated exposure to the NEAR ecosystem.

What traditional shipping operations does OceanPal (SVRN) maintain?

OceanPal’s maritime division owns and operates three vessels: two Panamax dry bulk carriers and one MR2 product tanker. These ships transport bulk commodities such as iron ore, coal, and grain, as well as refined petroleum products, supporting the company’s diversified operating profile alongside its digital asset activities.

What are the main risks OceanPal highlights in its forward-looking statements?

OceanPal cites factors such as volatile NEAR and other digital asset prices, changes in shipping demand, fluctuations in charter rates and vessel values, regulatory changes affecting maritime and digital assets, geopolitical conflicts, and operational risks like vessel breakdowns, any of which could cause actual results to differ from expectations.

How does OceanPal plan to create long-term shareholder value?

OceanPal says it aims to compound long-term shareholder value through disciplined capital allocation across its two segments. That includes NEAR token accumulation and yield generation via institutional staking, plus operating its three-vessel fleet to serve global commodity and refined product shipping demand.

Filing Exhibits & Attachments

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