SVRN, Inc. (formerly OceanPal Inc.) filed a foreign private issuer report on October 30, 2026, disclosing that it received an expected Nasdaq delisting determination on that same date and intends to request a hearing and an extended stay while an SEC accounting consultation proceeds.

Key Highlights

  • Delisting determination received: SVRN, Inc. disclosed it received an expected Nasdaq delisting determination on October 30, 2026.
  • Hearing request planned: The company stated it will request a hearing and extended stay in connection with the determination.
  • SEC accounting consultation ongoing: According to the filing, the hearing and stay request will proceed while an SEC accounting consultation continues.
  • Name change noted: The registrant's former name was OceanPal Inc., changed since the last report, and it now operates as SVRN, Inc.
  • Principal office: The company is headquartered at Pendelis 26, 175 64 Palaio Faliro, Athens, Greece.
  • Incorporated by reference: The disclosed information is incorporated by reference into the company's registration statements on Form F-3 (File Nos. 333-269961 and 333-273073), which became effective on April 18, 2023, July 14, 2023, and December 10, 2025, respectively.

SVRN Discloses Nasdaq Delisting Notice and Planned Response as of October 30, 2026

SVRN, Inc., listed on NASDAQ:SVRN and formerly known as OceanPal Inc., disclosed through a press release dated October 30, 2026, that it received what it described as an "expected" Nasdaq delisting determination on that date. According to the filing, the company intends to request a hearing and an extended stay in response to the determination. The filing notes that this process will proceed while an SEC accounting consultation is ongoing.

The company, which files annual reports under Form 20-F as a foreign private issuer, is incorporated and headquartered in Athens, Greece. The filing was signed by Salvatore Ternullo in his capacity as Co-Chief Executive Officer. The report further states that the disclosed information is incorporated by reference into SVRN's existing registration statements on Form F-3, carrying Commission File Number 001-40930, which were declared effective on three separate dates between April 2023 and December 2025.

The filing does not provide additional details about the basis for the Nasdaq delisting determination, the specific nature of the SEC accounting consultation, or a timeline for the hearing process. The press release itself was attached as Exhibit 99.1 to the report.

What Was Disclosed

SVRN, Inc. reported receiving an expected Nasdaq delisting determination on October 30, 2026, and stated it plans to request a hearing and extended stay while an SEC accounting consultation proceeds. The company formerly operated under the name OceanPal Inc.