May. 22 at 11:33 PM
OceanPal Inc received a notice of non-compliance from Nasdaq for failing to timely file its Form 20-F annual report for FY2025, in breach of Nasdaq Listing Rule 5250(c)(1).
The notice does not immediately affect the listing or trading of the company’s shares on the Nasdaq Capital Market. OceanPal has until July 20, 2026 to submit a compliance plan. If accepted, Nasdaq may grant an extension of up to 180 days from the original filing deadline, potentially allowing compliance to be regained by October 27, 2026.
The company stated it intends to address the issue promptly, which may include submitting the required plan within the deadline.
OceanPal operates a dual model combining maritime shipping and digital asset treasury activities. Its fleet includes three vessels (two Panamax dry bulk carriers and one MR2 product tanker). Through its subsidiary SovereignAI Services LLC, it also manages a NEAR protocol treasury strategy.
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