SVRN · OceanPal Inc.

OceanPal Inc., a foreign private issuer, announced it cannot meet the extended deadline under Rule 12b-25 for filing its Annual Report on Form 20-F for the fiscal year ended December 31, 2025. The delay stems from an ongoing internal review of unspecified accounting matters, signaling potential complexities or issues in financial reporting that require additional time to resolve. This extension follows a prior notice via Form 12b-25, and the company emphasized its diligent efforts to finalize the report soon. For investors, this prolonged delay raises concerns about transparency into the company's financial position, operational performance, and compliance for 2025, potentially impacting confidence until the Form 20-F is filed. The disclosure's incorporation by reference into multiple effective Form F-3 shelf registration statements (File Nos. 333-269961, 333-273073, and 333-291831) ensures it factors into any prospective securities offerings, underscoring its materiality to capital market activities.