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. filed an initial ownership report for Chief Financial Officer Plousaki Vasiliki. This Form 3 identifies her as an officer of the company and confirms there are no reported transactions in the filing, such as share purchases, sales, or option exercises.
OceanPal Inc. has received a Nasdaq staff determination to delist its common shares from The Nasdaq Capital Market after the stock traded below the $1.00 minimum bid price for 30 consecutive business days through March 12, 2026. Because the company completed a 1‑for‑25 reverse stock split on August 25, 2025, Nasdaq rules do not allow a standard compliance grace period, leading directly to the delisting notice. OceanPal plans to request a hearing before an independent Nasdaq Hearings Panel, which will automatically stay any suspension or delisting action until a decision is issued, and its shares are expected to continue trading under the symbol “SVRN” during this process.
OceanPal Inc. reported that Ioannis Zafirakis resigned from its Board of Directors and Executive Committee, effective immediately, and stated his departure was not due to any disagreement over operations, policies, or practices. The company appointed Peter Marton as a Class III director to serve the remainder of his term.
Marton brings extensive experience in digital assets, regulation, and risk management, including senior roles at Cari Network, Fireblocks, and the New York Department of Financial Services. He has no related-party transactions or family ties with current leadership and will be paid under OceanPal’s standard non-employee director compensation program. The report is incorporated by reference into OceanPal’s effective Form F-3 registration statements.
OceanPal Inc. received an updated Schedule 13D showing a change in who controls a major shareholder. Blackdragon Ventures LLC continues to beneficially own 3,592,156 shares of common stock (3,406,605 shares plus 185,551 shares issuable from pre-funded warrants), representing about 10.4% of OceanPal’s common stock.
On December 31, 2025, Illia Polosukhin transferred all of his membership interests in Blackdragon to his mother, Tamara Polosukhina, for estate and family planning purposes and for no monetary consideration. As a result, Polosukhina, as sole member of Blackdragon, now has sole voting and dispositive power over these securities, while Polosukhin no longer owns or controls any OceanPal shares.
The filing also notes that Illia Polosukhin serves as an independent contractor business advisor to SovereignAI Services LLC, an OceanPal subsidiary, under a two-year Business Advisor Agreement dated November 19, 2025, providing strategic advice on crypto technology, digital asset marketing, partnerships, and OceanPal’s NEAR token treasury strategy.
OceanPal Inc. engaged CBIZ CPAs P.C. as its new independent registered public accounting firm, effective immediately. CBIZ CPAs succeeds Ernst & Young (Hellas) Certified Auditors Accountants S.A., which resigned as auditor on October 28, 2025.
The company states that during the fiscal years ended December 31, 2023 and 2024, and through January 26, 2026, it did not consult CBIZ CPAs on accounting principles, potential audit opinions, or any matters involving disagreements or reportable events under Form 20-F. The report is also incorporated by reference into OceanPal’s effective Form F-3 registration statements.
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.