SVRN Gets Nasdaq Delisting Notice, Seeks Hearing Over Late 20-F
New York – October 31, 2026 -- SVRN, Inc. (NASDAQ: SVRN), formerly OceanPal Inc., received a Nasdaq delisting determination on October 30, 2026, after missing an October 27 deadline to file its Form 20-F annual report for 2025. The company plans to request a hearing on or before November 6, 2026.
Nasdaq cites Rule 5250(c)(1) after exception lapses
Nasdaq's Listing Qualifications Department said SVRN did not meet the terms of an exception its staff granted on August 24, 2026, which ran through October 27, 2026. The company first received a noncompliance notice on May 19, 2026, for not filing the 2025 Annual Report. Its securities are now subject to delisting under Nasdaq Listing Rule 5250(c)(1).