Summary OceanPal Inc. has regained Nasdaq compliance with the minimum bid price requirement and received confirmation of continued listing on the Nasdaq Capital Market.
Key takeaways Nasdaq Listing Qualifications staff confirmed OceanPal regained compliance with Nasdaq Listing Rule 5550(a)(2) minimum bid price requirement. Nasdaq Listing Panel confirmed OceanPal's continued listing on Nasdaq Capital Market. Company holds approximately 55 million NEAR tokens as its NEAR Protocol treasury, including collateral pledged to counterparties. OceanPal operates fleet of three vessels: two Panamax dry bulk carriers and one MR2 product tanker. Leadership prioritizing NEAR accumulation and commercial adoption of NEAR Protocol post-compliance.