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[6-K] OceanPal Inc. Current Report (Foreign Issuer)

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(Neutral)
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Form Type
6-K

Rhea-AI Filing Summary

OceanPal Inc. reported that all proposals at its 2026 Annual General Meeting of Shareholders held on June 16, 2026 were approved and adopted. The company also states its intent and ability to change its corporate name from “OceanPal Inc.” to “SVRN, Inc.” upon filing an amendment with the Marshall Islands registrar.

OceanPal describes itself as a diversified operator combining global shipping with a digital asset treasury strategy anchored in the NEAR Protocol blockchain. It holds NEAR tokens through wholly owned SovereignAI Services LLC and owns three vessels engaged in transporting bulk commodities and refined petroleum products.

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Annual meeting date June 16, 2026 Date of 2026 Annual General Meeting of Shareholders
Meeting time 11:00 a.m. Eastern Time Time the 2026 Annual General Meeting convened
Vessels owned 3 vessels Total fleet size in maritime division
Panamax dry bulk carriers 2 vessels Part of OceanPal’s dry bulk fleet
MR2 product tanker 1 vessel Product tanker within the fleet
Form 20-F filing date April 15, 2025 Date of referenced Annual Report on Form 20-F
Effective dates of F-3 shelves April 18, 2023; July 14, 2023; December 10, 2025 Effective dates of referenced Form F-3 registration statements
NEAR Protocol technical
"anchored in the NEAR Protocol blockchain"
digital asset treasury strategy financial
"combines global shipping transportation services with a digital asset treasury strategy"
A digital asset treasury strategy is a plan for managing a company's or organization's digital assets, such as cryptocurrencies or digital tokens, to support its financial goals. It involves deciding how to acquire, hold, and use these assets efficiently, much like managing cash or investments, to optimize value and minimize risks. For investors, understanding this strategy helps gauge how well an organization controls its digital resources and its overall financial health.
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.
Private Securities Litigation Reform Act of 1995 regulatory
"The Private Securities Litigation Reform Act of 1995 provides safe harbor protections"
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.
seaborne transportation technical
"engaged in the seaborne transportation of bulk commodities"
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Form 6-K: How Foreign Companies Report to the SEC →

 

FORM 6-K

 

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 20549

 

REPORT OF FOREIGN PRIVATE ISSUER PURSUANT TO RULE 13A-16 OR 15D-16

OF THE SECURITIES EXCHANGE ACT OF 1934

 

For the month of June 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 [X] 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 June 18, 2026 of OceanPal Inc. (the "Company"), announcing the results of its Annual Meeting of Shareholders that was duly held on June 16, 2026.

 

The information contained in this Report on Form 6-K is hereby incorporated by reference into the Company’s registration statements on Form F-3 (File Nos. 333-269961 and 333-273073) 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: June 18, 2026 By: /s/ Salvatore Ternullo
    Salvatore Ternullo
    Co-Chief Executive Officer
     

Exhibit 99.1

Ocean Pal Inc. Announces Results of 2026 Annual General Meeting of Shareholders

NEWS PROVIDED BY

OceanPal Inc.

Jun 18, 2026, 16:15 ET

NEW YORK, June 18, 2026 /PRNewswire/ -- OceanPal Inc. (NASDAQ: SVRN) (the “Company” or “OceanPal”) today announced that the Company’s 2026 Annual General Meeting of Shareholders (the “Meeting”) was duly held on June 16, 2026, at 11:00 a.m. Eastern Time.

At the Meeting, each of the following proposals, which are set forth in more detail in the Notice of Annual Meeting of Shareholders and the Company’s Proxy Statement sent to shareholders on or about May 13, 2026, was approved and adopted:

1.The election of two Class II Directors to serve for a three-year term until the 2029 Annual Meeting of Shareholders and until their successors are duly elected and qualified;
2.The approval of the amendment to the Company’s Amended and Restated Articles of Incorporation authorizing the Board of Directors to effect a change in the name of the Company from “OceanPal Inc.” to “SVRN, Inc.”; and
3.The approval of the appointment of CBIZ CPAs P.C. as the Company’s independent auditors for the fiscal year ending December 31, 2026.

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. Forward-looking statements may be identified by the use of words such as “expect,” “intend,” “plan,” “anticipate,” “believe,” “will,” and similar expressions. These statements include, but are not limited to, statements regarding the Company’s intent and ability to effect the change of its corporate name from “OceanPal Inc.” to “SVRN, Inc.” upon the filing of the applicable amendment with the Registrar of Corporations of the Republic of the Marshall Islands; the anticipated timing and completion of such name change; and the continued service of the Company’s directors and the engagement of its independent auditors.

These forward-looking statements are based on current expectations, estimates, assumptions, and projections and involve known and unknown risks, uncertainties, and other factors-many of which are beyond OceanPal’s and SVRN’s control-that may cause actual results, performance, or achievements to differ materially from those expressed or implied by such statements. Important factors that may affect actual results include, among others, SVRN’s ability to execute its growth strategy; its ability to raise and deploy capital effectively; developments in technology and the competitive landscape; the market performance of NEAR; changes in governmental rules and regulations or actions taken by regulatory authorities with respect to both maritime and digital asset activities; general domestic and international political conditions 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 risks and uncertainties described under “Risk Factors” in OceanPal’s Annual Report on Form 20-F filed with the SEC on April 15, 2025, and in subsequent filings with the SEC, available at www.sec.gov. OceanPal and SVRN undertake no obligation to update or revise any forward-looking statements, whether as a result of new information, future events, or otherwise, except as required by applicable law.

Source: View Original Filing on SEC EDGAR

FAQ

What did OceanPal Inc. (SVRN) approve at the 2026 Annual General Meeting?

OceanPal shareholders approved and adopted each proposal presented at the 2026 Annual General Meeting. The proposals were described in the Notice of Annual Meeting and Proxy Statement sent to shareholders on or about May 13, 2026, and were all passed at the June 16, 2026 meeting.

Is OceanPal Inc. (SVRN) planning to change its corporate name?

OceanPal states its intent and ability to change its corporate name from “OceanPal Inc.” to “SVRN, Inc.”. This change is expected to occur upon filing the applicable amendment with the Registrar of Corporations of the Republic of the Marshall Islands, as referenced in its forward-looking statements.

What businesses does OceanPal Inc. (SVRN) operate according to this filing?

OceanPal operates a diversified model combining global shipping and a digital asset treasury strategy. It runs a NEAR Protocol-based digital asset treasury via SovereignAI Services LLC and owns three vessels transporting bulk commodities like iron ore, coal, grain, and refined petroleum products worldwide.

How is OceanPal Inc. (SVRN) involved with the NEAR Protocol ecosystem?

OceanPal, through wholly owned SovereignAI Services LLC, operates what it describes as the first publicly traded NEAR Protocol treasury. It accumulates NEAR tokens, generates yield via institutional staking, and offers investors regulated public market exposure to the NEAR Protocol blockchain ecosystem.

What shipping assets does OceanPal Inc. (SVRN) own and operate?

OceanPal’s maritime division owns and operates three vessels. These include two Panamax dry bulk carriers and one MR2 product tanker. The fleet is engaged in seaborne transportation of bulk commodities such as iron ore, coal, grain, and refined petroleum products across global shipping routes.

What key risks does OceanPal Inc. (SVRN) highlight in its forward-looking statements?

OceanPal cites risks including executing its growth strategy, raising and deploying capital, NEAR market performance, regulatory changes in maritime and digital assets, geopolitical conditions, potential shipping route disruptions, vessel breakdowns, and off-hire periods, as well as other risks described in its Form 20-F risk factor section.

Filing Exhibits & Attachments

1 document

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