OceanPal Inc. Regains Compliance with Nasdaq Minimum Bid Price Requirement
OceanPal Inc. (NASDAQ: OP), a global shipping company, has successfully regained compliance with Nasdaq's minimum bid price requirement. The company received official notification from Nasdaq on June 30, 2025, confirming that its common shares maintained a closing bid price of $1.00 or higher for 10 consecutive trading days between June 13 and June 27, 2025. This development resolves the company's previous listing compliance issue with Nasdaq Listing Rule 5550(a)(2).
OceanPal Inc. (NASDAQ: OP), una societ脿 globale di spedizioni, ha riconquistato con successo la conformit脿 al requisito minimo del prezzo di offerta di Nasdaq. La societ脿 ha ricevuto una notifica ufficiale da Nasdaq il 30 giugno 2025, che conferma come le sue azioni ordinarie abbiano mantenuto un prezzo di chiusura di almeno 1,00 $ per 10 giorni di negoziazione consecutivi tra il 13 e il 27 giugno 2025. Questo sviluppo risolve il precedente problema di conformit脿 al regolamento di quotazione Nasdaq 5550(a)(2).
OceanPal Inc. (NASDAQ: OP), una empresa global de transporte mar铆timo, ha recuperado exitosamente el cumplimiento con el requisito m铆nimo del precio de oferta de Nasdaq. La compa帽铆a recibi贸 una notificaci贸n oficial de Nasdaq el 30 de junio de 2025, confirmando que sus acciones comunes mantuvieron un precio de cierre de 1,00 $ o m谩s durante 10 d铆as h谩biles consecutivos entre el 13 y el 27 de junio de 2025. Este avance soluciona el problema previo de cumplimiento con la norma de cotizaci贸n Nasdaq 5550(a)(2).
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OceanPal Inc. (NASDAQ : OP), une soci茅t茅 mondiale de transport maritime, a r茅ussi 脿 se conformer 脿 nouveau 脿 l'exigence minimale de prix d'offre de Nasdaq. La soci茅t茅 a re莽u une notification officielle de Nasdaq le 30 juin 2025, confirmant que ses actions ordinaires ont maintenu un prix de cl么ture de 1,00 $ ou plus pendant 10 jours de bourse cons茅cutifs entre le 13 et le 27 juin 2025. Ce d茅veloppement r茅sout le probl猫me de conformit茅 ant茅rieur de la soci茅t茅 avec la r猫gle de cotation Nasdaq 5550(a)(2).
OceanPal Inc. (NASDAQ: OP), ein globales Schifffahrtsunternehmen, hat erfolgreich die Einhaltung der Mindestgebotspreisvorgabe der Nasdaq wiedererlangt. Das Unternehmen erhielt am 30. Juni 2025 eine offizielle Benachrichtigung von der Nasdaq, die best盲tigt, dass die Stammaktien des Unternehmens zwischen dem 13. und 27. Juni 2025 an 10 aufeinanderfolgenden Handelstagen einen Schlusskurs von mindestens 1,00 $ aufwiesen. Diese Entwicklung behebt das fr眉here Compliance-Problem des Unternehmens mit der Nasdaq-Listing-Regel 5550(a)(2).
- Regained Nasdaq listing compliance, eliminating immediate delisting risk
- Maintained share price above $1.00 for required compliance period
- Previous trading below $1.00 indicates recent share price weakness
ATHENS, Greece, July 01, 2025 (GLOBE NEWSWIRE) -- OceanPal Inc. (NASDAQ: OP) (the 鈥淐ompany鈥�), a global shipping company specializing in the ownership of vessels, today announced that the Company has received a written notification from The Nasdaq Stock Market (鈥淣asdaq鈥�), dated June 30, 2025, indicating that because the closing bid price of the Company鈥檚 common shares was at or greater than US
About the Company
OceanPal Inc. is a global provider of shipping transportation services, specializing in the ownership and operation of dry bulk vessels and product tankers. The Company is engaged in the seaborne transportation of bulk commodities, including iron ore, coal, and grain, as well as refined petroleum products. OceanPal鈥檚 fleet is primarily employed on time charter trips with short to medium duration and spot charters, with a strategic focus on maximizing long-term shareholder value.
Forward Looking Statements
Matters discussed in this press release may constitute forward-looking statements. The Private Securities Litigation Reform Act of 1995 provides safe harbor protections for forward-looking statements in order to encourage companies to provide prospective information about their business. Forward-looking statements include statements concerning plans, objectives, goals, strategies, future events or performance, and underlying assumptions and other statements.
The Company desires to take advantage of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995 and is including this cautionary statement in connection with this safe harbor legislation. The words 鈥渂elieve,鈥� 鈥渁nticipate,鈥� 鈥渋ntends,鈥� 鈥渆stimate,鈥� 鈥渇orecast,鈥� 鈥減roject,鈥� 鈥減lan,鈥� 鈥減otential,鈥� 鈥渕ay,鈥� 鈥渟hould,鈥� 鈥渆xpect,鈥� 鈥減ending鈥� and similar expressions identify forward-looking statements.
The forward-looking statements in this press release are based upon various assumptions, many of which are based, in turn, upon further assumptions, including without limitation, Company management鈥檚 examination of historical operating trends, data contained in the Company鈥檚 records and other data available from third parties. Although the Company believes that these assumptions were reasonable when made, because these assumptions are inherently subject to significant uncertainties and contingencies that are difficult or impossible to predict and are beyond the Company鈥檚 control, the Company cannot assure you that it will achieve or accomplish these expectations, beliefs or projections.
In addition to these important factors, other important factors that, in the Company鈥檚 view, could cause actual results to differ materially from those discussed in the forward-looking statements include the strength of world economies and currencies, general market conditions, including fluctuations in charter rates and vessel values, changes in demand for dry bulk shipping capacity, changes in the Company鈥檚 operating expenses, including bunker prices, drydocking and insurance costs, the market for the Company鈥檚 vessels, availability of financing and refinancing, changes in governmental rules and regulations or actions taken by regulatory authorities, tariff policies and other trade restrictions, potential liability from pending or future litigation, general domestic and international political conditions, including risks associated with the continuing conflict between Russia and Ukraine and related sanctions, potential disruption of shipping routes due to accidents or political events, including the escalation of the conflict in the Middle East, vessel breakdowns and instances of off-hires and other factors. Please see the Company鈥檚 filings with the U.S. Securities and Exchange Commission for a more complete discussion of these and other risks and uncertainties. The Company undertakes no obligation to revise or update any forward-looking statement, or to make any other forward-looking statements, whether as a result of new information, future events or otherwise.
Corporate Contact: Margarita Veniou Chief Corporate Development and Governance Officer and Secretary Telephone: +30-210-9485-360 Email: [email protected] Website: www.oceanpal.com X: @OceanPal_Inc Investor and Media Relations: Edward Nebb Comm-Counsellors, LLC Telephone: + 1-203-972-8350 Email: [email protected]
FAQ
Has OceanPal (NASDAQ: OP) regained Nasdaq compliance in 2025?
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