Nasdaq’s Listing Qualifications Department sent OceanPal Inc a delinquency notice on 19 May 2026 for failing to file its Form 20‑F for FY 2025, violating Listing Rule 5250(c)(1).
The company has until 20 July 2026 to submit a compliance plan; if approved, Nasdaq may grant up to a 180‑day extension, moving the final compliance deadline to 27 Oct 2026.
OceanPal’s shares dropped 4.7 % in after‑hours trading on Friday following the disclosure.
The firm operates three vessels (two Panamax dry‑bulk carriers and one MR2 product tanker) and runs a publicly traded NEAR Protocol treasury through its subsidiary SovereignAI Services LLC, combining maritime shipping with digital‑asset yield generation.
