OceanPal Delays 20-F Amid Digital Pivot

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OceanPal Inc. (SVRN) has delayed its Annual Report on Form 20-F for 2025 due to complexities arising from its strategic transformation into a digital asset treasury vehicle. This pivot involves holding NEAR Protocol native tokens and introduces new accounting challenges related to digital asset valuation, custody, and staking rewards. The company anticipates significant changes in its 2025 operating results, shifting from shipping revenues to digital asset income and related expenses.

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