OceanPal Regains Nasdaq Compliance, Holds 55 Million NEAR Token Treasury
OceanPal regained compliance with Nasdaq Listing Rule 5550(a)(2) by meeting the minimum bid price requirement and remains listed on the Nasdaq Capital Market. The company holds approximately 55 million NEAR Protocol tokens in its pioneering treasury and will prioritize NEAR accumulation and commercial adoption alongside its maritime operations.
1. Nasdaq Compliance Restoration
OceanPal regained compliance with the minimum bid price requirement under Nasdaq Listing Rule 5550(a)(2) and now fully meets all Nasdaq Capital Market listing criteria. This action ensures the shares remain listed and avoids potential delisting risks.
2. NEAR Protocol Treasury Expansion
The company holds approximately 55 million NEAR Protocol tokens, representing the only institutionally managed NEAR position in public markets. OceanPal generates institutional staking yield and positions its treasury for further accumulation of NEAR.
3. Maritime Operations
OceanPal operates three vessels, including two Panamax dry bulk carriers and one MR2 product tanker, transporting iron ore, coal, grain and refined petroleum products. The shipping division remains active in global bulk commodity and product transport markets.
4. Strategic Focus and Next Steps
Management will prioritize compounding value through continued NEAR accumulation and accelerating commercial adoption of the NEAR Protocol. With compliance restored, leadership aims to execute growth initiatives across both digital asset and maritime segments.