OceanPal Inc. Regains Compliance with Nasdaq Minimum Bid Price Requirement

Company Overview - OceanPal Inc. is a global provider of shipping transportation services, focusing on the ownership and operation of dry bulk vessels and product tankers [2] - The company engages in the seaborne transportation of bulk commodities such as iron ore, coal, and grain, as well as refined petroleum products [2] - OceanPal's fleet primarily operates on time charter trips with short to medium duration and spot charters, aiming to maximize long-term shareholder value [2] Compliance Update - OceanPal has received notification from Nasdaq indicating that the company has regained compliance with Nasdaq Listing Rule 5550(a)(2) [1] - The compliance was achieved as the closing bid price of the company's common shares was at or greater than US$1.00 per share for 10 consecutive trading days, from June 13 to June 27, 2025 [1]