{"id":865664,"date":"2025-07-01T11:12:15","date_gmt":"2025-07-01T15:12:15","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/oceanpal-inc-regains-compliance-with-nasdaq-minimum-bid-price-requirement-3\/"},"modified":"2025-07-01T11:12:15","modified_gmt":"2025-07-01T15:12:15","slug":"oceanpal-inc-regains-compliance-with-nasdaq-minimum-bid-price-requirement-3","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/oceanpal-inc-regains-compliance-with-nasdaq-minimum-bid-price-requirement-3\/","title":{"rendered":"OceanPal Inc. Regains Compliance with Nasdaq Minimum Bid Price Requirement"},"content":{"rendered":"<div class=\"mw_release\">\n<p align=\"justify\">ATHENS, Greece, July  01, 2025  (GLOBE NEWSWIRE) &#8212; OceanPal Inc. (NASDAQ: OP) (the \u201cCompany\u201d), 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 (\u201cNasdaq\u201d), dated June 30, 2025, indicating that because the closing bid price of the Company\u2019s common shares was at or greater than US$1.00 per share for 10 consecutive trading days, from June 13 to June 27, 2025, the Company has regained compliance with Nasdaq Listing Rule 5550(a)(2) and this matter is now closed.<\/p>\n<p align=\"justify\">\n        <strong>About the Company<\/strong>\n      <\/p>\n<p align=\"justify\">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\u2019s 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.<\/p>\n<p align=\"justify\">\n        <strong>Forward Looking Statements<\/strong>\n      <\/p>\n<p align=\"justify\">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.<\/p>\n<p align=\"justify\">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 \u201cbelieve,\u201d \u201canticipate,\u201d \u201cintends,\u201d \u201cestimate,\u201d \u201cforecast,\u201d \u201cproject,\u201d \u201cplan,\u201d \u201cpotential,\u201d \u201cmay,\u201d \u201cshould,\u201d \u201cexpect,\u201d \u201cpending\u201d and similar expressions identify forward-looking statements.<\/p>\n<p align=\"justify\">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\u2019s examination of historical operating trends, data contained in the Company\u2019s 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\u2019s control, the Company cannot assure you that it will achieve or accomplish these expectations, beliefs or projections.<\/p>\n<p align=\"justify\">In addition to these important factors, other important factors that, in the Company\u2019s 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\u2019s operating expenses, including bunker prices, drydocking and insurance costs, the market for the Company\u2019s 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\u2019s 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.<\/p>\n<p>      <img decoding=\"async\" alt=\"\" class=\"__GNW8366DE3E__IMG\" src=\"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=OTQ4NzU3OCM3MDI3Mjg0IzIyNTI0MzU=\" \/><br \/>\n      <br \/>\n      <img decoding=\"async\" alt=\"\" src=\"https:\/\/ml.globenewswire.com\/media\/NzA1OTkxNzQtY2QzNy00OTFlLTg3ZTEtYjUzNWUzY2I5YzBlLTEyNjM5ODgtMjAyNS0wNy0wMS1lbg==\/tiny\/OceanPal-Inc-.png\" \/>\n    <\/div>\n<div class=\"mw_contactinfo\">\n<pre>Corporate Contact:\r\nMargarita Veniou\r\nChief Corporate Development and Governance Officer\r\nand Secretary\r\nTelephone: +30-210-9485-360\r\nEmail: mveniou@oceanpal.com\r\nWebsite: www.oceanpal.com\r\nX: @OceanPal_Inc\r\n\r\nInvestor and Media Relations:\r\nEdward Nebb\r\nComm-Counsellors, LLC\r\nTelephone: + 1-203-972-8350\r\nEmail: enebb@optonline.net<\/pre>\n<\/p><\/div>\n","protected":false},"excerpt":{"rendered":"<p>ATHENS, Greece, July 01, 2025 (GLOBE NEWSWIRE) &#8212; OceanPal Inc. (NASDAQ: OP) (the \u201cCompany\u201d), 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 (\u201cNasdaq\u201d), dated June 30, 2025, indicating that because the closing bid price of the Company\u2019s common shares was at or greater than US$1.00 per share for 10 consecutive trading days, from June 13 to June 27, 2025, the Company has regained compliance with Nasdaq Listing Rule 5550(a)(2) and this matter is now closed. 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 &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.marketnewsdesk.com\/index.php\/oceanpal-inc-regains-compliance-with-nasdaq-minimum-bid-price-requirement-3\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;OceanPal Inc. Regains Compliance with Nasdaq Minimum Bid Price Requirement&#8221;<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-865664","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v28.2 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>OceanPal Inc. 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(NASDAQ: OP) (the \u201cCompany\u201d), 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 (\u201cNasdaq\u201d), dated June 30, 2025, indicating that because the closing bid price of the Company\u2019s common shares was at or greater than US$1.00 per share for 10 consecutive trading days, from June 13 to June 27, 2025, the Company has regained compliance with Nasdaq Listing Rule 5550(a)(2) and this matter is now closed. 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 &hellip; Continue reading &quot;OceanPal Inc. 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