OceanPal Inc. reports that it cannot file its annual report on Form 20-F for the year ended December 31, 2025 within the extended deadline allowed under Rule 12b-25. The company attributes the delay to an ongoing review of certain accounting matters and states it is working to complete and file the Form 20-F as soon as practicable. This report is also incorporated by reference into OceanPal’s effective shelf registration statements on Form F-3.
OceanPal Inc. has scheduled its 2026 Annual General Meeting of Shareholders for June 16, 2026, at 11:00 a.m. Eastern Time at Nasdaq's corporate headquarters in New York. Shareholders of record as of May 8, 2026 are entitled to receive notice and vote.
The proxy statement and proxy card were mailed on or about May 13, 2026 and are available on the company and SEC websites. The filing also highlights OceanPal’s dual business model, combining a three-vessel shipping fleet with a NEAR Protocol-based digital asset treasury operated through its SovereignAI Services subsidiary.
OceanPal Inc. director and Co-Chief Executive Officer Salvatore J. Ternullo reported an open-market purchase of Common Stock. On April 17, 2026, he bought 500 shares at $10.35 per share. Following this transaction, his directly held position increased to 1,500 shares of OceanPal common stock.
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.
OceanPal Inc. director and Co-Chief Executive Officer Salvatore J. Ternullo reported an open-market purchase of 500 shares of Common Stock at $10.78 per share on April 16, 2026. Following this transaction, he directly holds 1,000 shares of OceanPal Common Stock.
OceanPal Inc. Co-Chief Executive Officer and director Salvatore J. Ternullo purchased 500 shares of Common Stock in an open-market transaction. He bought the shares at $10.88 per share and now directly holds 500 shares following the transaction, indicating a small personal stake.
OceanPal Inc. reports share repurchases under its existing $10 million buyback program and sets a 0.8x mNAV threshold as a formal trigger level for future repurchases. The company has bought back 345,168 common shares for $2.7 million, leaving $7.3 million of authorized capacity.
OceanPal links its buyback policy to the market value of its NEAR token treasury, which totals more than 55 million NEAR tokens, valued at about $73.5 million at a NEAR price of $1.34. As of April 8, 2026, the stock traded around 0.9x mNAV and had risen over 50% since a recent reverse stock split.
OceanPal Inc. filed a Form 6-K to report that it has filed Articles of Amendment to its Amended and Restated Articles of Incorporation with the Registrar of Corporations of the Republic of the Marshall Islands on March 27, 2026, to effect its recent reverse stock split.
The company also states that the information in this report is incorporated by reference into its effective registration statements on Form F-3, allowing those shelf registrations to reflect the reverse split corporate changes.
OceanPal Inc. filed an insider ownership report for former officer and secretary Margarita Veniou. The Form 4 data show no reported insider transactions, with zero shares bought, sold, exercised, gifted, or restructured. This appears to be a routine administrative filing without trading activity.
OceanPal Inc. officer Aziz Bibi Rabbina, who serves as Secretary, filed an initial Form 3 reporting beneficial ownership. The filing shows no reportable transactions or holdings, making this a baseline disclosure of insider status rather than a record of recent trading activity.