OceanPal Inc

SVRN

Market cap $43.6M

ATHENS, Greece , Dec. 11, 2025 /PRNewswire/ -- OceanPal Inc. ("OceanPal" or "OP", NASDAQ: SVRN), previously announced its offer to purchase any and all outstanding shares of its 7.0% Series D Cumulative Convertible Perpetual Preferred Stock, par value $0.01 per share, with a $1,000 liquidation preference per share, (the "Series D Preferred Shares", or the "Shares"), at a price of $1,400 per share plus accrued dividends (the "Offer") for Shares properly tendered and accepted for purchase pursuant to the Offer. The amount of accrued and unpaid dividends payable in connection with the Offer as of the Offer settlement date is expected to be $16.33 per share compared to the $17.50 per share dividend paid for the period from July 15, 2025 to October 14, 2025, on October 15, 2025.

ATHENS, Greece and NEW YORK , Nov. 14, 2025 /PRNewswire/ -- OceanPal Inc. (NASDAQ: OP) ("OceanPal" or the "Company") today announced that it plans to change its stock ticker symbol from "OP" to "SVRN". Beginning Monday, November 17, 2025, shares of the Company's common stock will trade on Nasdaq under the new ticker symbol "SVRN" and all trading activity, regulatory filings, and market-related information will be reported under the new symbol.

OceanPal launches SovereignAI focused on commercializing the NEAR Protocol Deep alignment on a shared vision for universal AI sovereignty with the NEAR Foundation will facilitate the implementation of a NEAR treasury strategy Capital generated from treasury management strategy will be used to build a unique blockchain-native, confidential AI-cloud infrastructure using NVIDIA tech and powered by NEAR ATHENS, Greece and NEW YORK , Oct. 28, 2025 /PRNewswire/ -- OceanPal Inc. ("OceanPal", "OP", NASDAQ: OP), today announced the closing of a $120M private investment in public equity transaction for the purchase and sale of common stock and/or pre-funded warrants to purchase shares of common stock (the "Offering"). The Company intends to use the net proceeds of the transaction to implement a digital asset treasury strategy through its new wholly owned subsidiary, SovereignAI Services LLC ("SovereignAI"), focused on commercializing the NEAR Protocol, a blockchain platform architected for Artificial Intelligence ("AI") use cases.

ATHENS, Greece, Aug. 21, 2025 (GLOBE NEWSWIRE) -- OceanPal Inc. (NASDAQ: OP) (the “Company”), a global shipping company specializing in the ownership of vessels, announced today that its board of directors has determined to effect a one-for-twenty-five reverse stock split of the Company's common shares, par value $0.01 per share. The Company's shareholders approved the reverse stock split at the Company's annual meeting of shareholders held on May 20, 2025.

ATHENS, Greece, Aug. 08, 2025 (GLOBE NEWSWIRE) -- OceanPal Inc. (NASDAQ: OP) (the “Company”), a global shipping company specializing in the ownership of vessels, today reported time charter revenues of $6.2 million, a net loss of $10.4 million and net loss attributed to common stockholders of $11.9 million for the six months ended June 30, 2025. This compares to time charter revenues of $12.4 million, a net loss of $9.5 million and net loss attributed to common stockholders of $10.3 million for the six months ended June 30, 2024.

ATHENS, Greece, July 22, 2025 (GLOBE NEWSWIRE) -- OceanPal Inc. (NASDAQ: OP) (the “Company”), a global shipping company specializing in the ownership of vessels, today announced the closing of its upsized public offering of 10,975,600 units at a public offering price of US$1.64 per unit. Each unit consists of one common share and one warrant to purchase one common share. Gross proceeds to the Company, before deducting placement agent's fees and other offering expenses, were approximately US$18.0 million.

ATHENS, Greece, July 21, 2025 (GLOBE NEWSWIRE) -- OceanPal Inc. (NASDAQ: OP) (the “Company”), a global shipping company specializing in the ownership of vessels, today announced the pricing of its upsized public offering of 10,975,600 units at a public offering price of US$1.64 per unit. Each unit consists of one common share and one warrant to purchase one common share.

ATHENS, Greece, July 01, 2025 (GLOBE NEWSWIRE) -- OceanPal Inc. (NASDAQ: OP) (the “Company”), a global shipping company specializing in the ownership of vessels, today announced that the Company has received a written notification from The Nasdaq Stock Market (“Nasdaq”), dated June 30, 2025, indicating that because the closing bid price of the Company's common shares was at or greater than US$1.00 per share for 10 consecutive trading days, from June 13 to June 27, 2025, the Company has regained compliance with Nasdaq Listing Rule 5550(a)(2) and this matter is now closed.

As the conflict between Israel and Iran intensifies, investors are increasingly shifting their focus to energy and shipping stocks.

ATHENS, Greece, June 02, 2025 (GLOBE NEWSWIRE) -- OceanPal Inc. (NASDAQ: OP) (the “Company”), a global shipping company specializing in the ownership of vessels, today announced that, through a separate wholly-owned subsidiary, it has signed a Memorandum of Agreement to sell the 2004-built dry bulk vessel “Protefs” to a third party, for a sale price of US$7 million before commissions with delivery to the buyer no later than June 17, 2025.