OceanPal Inc

SVRN

Market cap $22.7M

Company has repurchased a total of 345,168 shares prior to the reverse split under its previously announced $10 million program, with $7.3 million remaining in authorized capacity; Company targets buybacks under 0.8x mNAV when shares are undervalued ATHENS, Greece, April 9, 2026 /PRNewswire/ -- OceanPal Inc. (the "Company" or "OceanPal", NASDAQ: SVRN), today announced that it has repurchased a total of 345,168 shares of OceanPal common stock (as adjusted to reflect the reverse stock split) from the initiation of its previously authorized share buyback program through March 27th, 2026. The Company also announced that it will target a 0.8x multiple of net asset value ("mNAV") as a target repurchase threshold for future share repurchases, below which the Company will treat repurchases of its common stock as a primary capital allocation priority.

ATHENS, Greece, March 26, 2026 /PRNewswire/ -- OceanPal Inc. (NASDAQ: SVRN) (the "Company"), announced today that its board of directors has determined to effect a one-for-twenty reverse stock split of the Company's common shares, par value $0.01 per share. The Company's shareholders had approved the reverse stock split at the Company's annual meeting of shareholders held on May 20, 2025.

ATHENS, Greece, March 26, 2026 /PRNewswire/ -- OceanPal Inc. (NASDAQ: SVRN) (the "Company" or "OP"), a global shipping company and digital asset treasury operator, today announced its financial results for the fiscal year ended December 31, 2025, alongside financial guidance for the fiscal year 2026. 2025 represented a defining milestone in the Company's evolution.

Staff Determination Issued Pursuant to Nasdaq Listing Rule 5810(c)(3)(A)(iv) Following Prior Reverse Stock Split; Company's Hearing Request Will Automatically Stay Any Suspension or Delisting Action Pending the Panel Decision ATHENS, Greece, March 13, 2026 /PRNewswire/ -- OceanPal, Inc. ("OceanPal", Nasdaq: SVRN) that today disclosed that on March 13, 2026, the Company received a written determination letter (the "Staff Determination") from the Listing Qualifications Staff of The Nasdaq Stock Market LLC ("Nasdaq"), notifying the Company that the Staff has determined to delist the Company's common shares from The Nasdaq Capital Market unless the Company timely requests a hearing before an independent Hearings Panel (the "Panel"). Key Highlights: The Staff Determination was issued pursuant to Nasdaq Listing Rule 5810(c)(3)(A)(iv) on the grounds that the Company's common shares failed to maintain a minimum closing bid price of $1.00 per share for 30 consecutive business days from January 29, 2026, through March 12, 2026, and that the Company is ineligible for a compliance period due to a prior one-for-twenty-five (1-for-25) reverse stock split effected on August 25, 2025.

Mandate aims to generate risk-managed yield on SVRN's NEAR holdings to help fund AI infrastructure growth ATHENS, Greece and NEW YORK, Feb. 11, 2026 /PRNewswire/ -- SovereignAI Services LLC ("SVRN"), a wholly owned subsidiary of OceanPal Inc. ("OceanPal", NASDAQ: SVRN) that fuels the infrastructure for secure, autonomous AI, today announced that it has appointed G-20 Group as asset manager for a new NEAR treasury yield strategy. Following SVRN's previously disclosed $120 million PIPE financing and the build-out of its NEAR treasury , the mandate is designed to deploy a portion of SVRN's NEAR holdings through risk-managed derivative overlays that aim to enhance yield while preserving liquidity to support the company's AI infrastructure roadmap.

ATHENS, Greece, Jan. 30, 2026 /PRNewswire/ -- OceanPal Inc. ("OP" or "the Company", NASDAQ: SVRN) today announced that its Board of Directors has appointed CBIZ CPAs P.C., ("CBIZ CPAs"), as the Company's independent registered public accounting firm effective immediately.

ATHENS, Greece, Jan. 13, 2026 /PRNewswire/ -- OceanPal Inc. ("OceanPal" or "OP", NASDAQ: SVRN), announces today the final results of its tender offer (the "Offer"), which expired at 5:00 P.M. Eastern time on January 8, 2026.

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.