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OceanPal Inc. Announces Ticker Change from OP to SVRN

OceanPal Inc., known for its role in the shipping transportation sector, has revealed plans to change its NASDAQ ticker symbol from "OP" to "SVRN." This transition is set to take effect on November 17, 2025. As part of this change, all trading activities, market filings, and other relevant information will henceforth be reported under the new symbol, SVRN. Importantly, no additional corporate actions that could affect the rights of current shareholders will occur, and shareholders are not required to take any action regarding this change.

The company emphasizes that it will maintain its listing on NASDAQ while its CUSIP number remains unchanged, ensuring continuity in its stock operations. For OceanPal, this rebranding effort under the new ticker symbol signifies a strategic effort to refine and enhance its presence in the equity markets, further aligning its corporate identity with its growing focus on innovative technologies and business strategies.

About OceanPal Inc.

Founded with a vision to provide top-notch shipping services, OceanPal specializes in owning and operating dry bulk vessels and product tankers. The company is deeply engaged in the transportation of essential bulk commodities, including iron ore, coal, and grain and refined petroleum products. OceanPal's operational strategy focuses on maximizing long-term shareholder value through time charter trips and spot charters, utilizing a fleet that is primarily engaged in short to medium duration contracts.

Introduction of SovereignAI

In tandem with this change, OceanPal has also introduced SovereignAI, a wholly-owned subsidiary designed to embody its digital asset treasury strategy. SovereignAI stands at the forefront of technology as it seeks to leverage the intersection of artificial intelligence (AI) and blockchain within the public markets. This innovative subsidiary aims to establish private, user-oriented commerce through advanced infrastructures powered by the NEAR Protocol’s technology.

The funds generated through SovereignAI's treasury management of NEAR tokens will significantly contribute to enhancing the company's objectives of developing cutting-edge, blockchain-native AI infrastructure. This strategic initiative not only underscores OceanPal's commitment to modernization and growth but also its ambition to explore new frontiers in the realm of digital finance and technology.

As OceanPal repositions itself with the updated ticker symbol SVRN and enhances its corporate strategy with SovereignAI, it invites both current and prospective shareholders to join in a new chapter of growth and innovation. The coming months will be closely watched by market analysts and investors alike, as OceanPal embarks on this exciting transformation.

In conclusion, the naming transition from OP to SVRN signifies more than just a cosmetic change; it reflects OceanPal's adaptation to evolving market conditions and its commitment to future-looking strategies in shipping and technology. Investors can look forward to more updates as the company continues to expand its horizons and redefine its trajectory in the maritime and blockchain sectors.