OceanPal Inc. Welcomes CBIZ CPAs P.C. as Their New Independent Accounting Partner

On January 30, 2026, OceanPal Inc. (NASDAQ: SVRN) announced a significant transition in its financial oversight by appointing CBIZ CPAs P.C. as its new independent registered public accounting firm. This decision was approved by the Board of Directors following a thorough evaluation conducted by the Audit Committee, marking a strategic shift in the company's approach to financial accountability.

The appointment of CBIZ CPAs comes on the heels of the resignation of Ernst Young (Hellas) Certified Auditors Accountants S.A. on October 28, 2025. It is noteworthy that their departure was amicable, and there were no disagreements regarding matters of accounting principles, practices, or disclosures that influenced this transition. As OceanPal looks to the future, the choice of CBIZ CPAs is seen as a pivotal move aimed at enhancing the quality and effectiveness of its audit processes.

OceanPal Inc. primarily engages in the ownership and operation of dry bulk vessels and product tankers, providing essential services in the transportation of commodities like iron ore, coal, grain, and refined petroleum products. With a fleet strategically employed on both time charters and spot charters, OceanPal is committed to maximizing long-term shareholder value in a competitive maritime industry.

"The engagement of CBIZ CPAs allows us to leverage their extensive experience in audit services, which we believe will contribute positively to improving our corporate governance and financial practices," stated a representative from OceanPal. This transition is indicative of the company's proactive approach to ensuring transparency and compliance amid evolving regulatory landscapes.

In parallel, OceanPal's parent company, SVRN, is making strides in AI infrastructure, allowing the enterprise to navigate complex challenges securely. SVRN is actively managing a treasury of NEAR, which supports its innovations and helps generate returns that align with OceanPal’s strategic goals. Such initiatives are critical as the maritime and shipping sectors continue to evolve with advancements in technology and governance.

As OceanPal moves forward, the collaboration with CBIZ CPAs P.C. represents a substantial commitment to investor confidence and adherence to best practices in accounting and financial reporting. The company will continue to monitor its financial disclosures and performance closely, aiming to enhance the trust of its stakeholders through rigorous and independent audit processes.

Overall, this strategic change not only marks a new chapter for OceanPal but also underscores the importance of maintaining robust financial oversight in today's dynamic market environment, reinforcing the company's foundational values of accountability and transparency as it serves its clientele and stakeholders effectively. OceanPal Inc. is poised for continued growth and success in the shipping transportation sector, with a steadfast commitment to excellence and fiscal responsibility.