OceanPal Appoints New Auditor CBIZ CPAs

Written by Emily J. Thompson, Senior Investment Analyst

Source: Newsfilter

Updated: Jan 30 2026

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Source: Newsfilter

Auditor Change: OceanPal Inc. announced the appointment of CBIZ CPAs as its new independent registered public accounting firm, replacing Ernst & Young (Hellas), which resigned on October 28, 2025, reflecting the company's ongoing commitment to audit compliance.
Board Decision: The auditor change was approved by the Board of Directors following a comprehensive evaluation by the Audit Committee, indicating a transparent and responsible decision-making process regarding audit matters.
Business Context: OceanPal specializes in the ownership and operation of dry bulk vessels and product tankers, focusing on the seaborne transportation of bulk commodities such as iron ore, coal, and grain, ensuring its competitiveness in the global shipping market.
Subsidiary Development: OceanPal's subsidiary SVRN focuses on the growth of AI infrastructure, having raised $120 million and holding over $133 million in NEAR assets, showcasing the company's strategic positioning in technology innovation and market expansion.

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About SVRN

Oceanpal Inc is a Marshall Islands-based provider of ocean-going transportation services. The Company is engaged in the ownership, operation, and chartering of dry bulk vessels. The Company's fleet consists of 3 dry bulk vessels, including one Capesize and two Panamax vessels.

About the author

Emily J. Thompson

Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.

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Stock Surge: OceanPal Inc. experienced a remarkable 103.01% increase in after-hours trading, reaching $0.88, reflecting strong market sentiment towards its potential despite the absence of a clear catalyst.
Asset Management Strategy: The company's subsidiary, SovereignAI Services LLC, has partnered with G-20 Group to implement a treasury yield strategy for NEAR, aiming to enhance yield through derivative overlays while preserving liquidity, indicating a proactive approach to asset optimization.
Technical Analysis: With a Relative Strength Index (RSI) of 22.17, SVRN is in the oversold territory, suggesting potential for a rebound, although the stock has plummeted 98.32% over the past year, reflecting cautious market sentiment regarding its future performance.
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SVRN Appoints G-20 Group for NEAR Asset Management

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Strategic Partnership: SVRN has appointed G-20 Group as the asset manager for a new NEAR treasury yield strategy, aiming to enhance returns through risk-managed derivative overlays while preserving liquidity to support the company's AI infrastructure growth.
Optimized Capital Operations: This collaboration builds on SVRN's previously disclosed $120 million PIPE financing, indicating the company's intent to improve the efficiency of its NEAR asset utilization, thereby driving the achievement of long-term growth objectives.
Market Outlook: G-20 Group's extensive experience in digital asset markets will assist SVRN in maintaining capital preservation amidst volatility while capturing yield opportunities, further solidifying its position within the NEAR ecosystem.
Support for Long-Term Growth: SVRN's CEO Sal Ternullo stated that this strategic evolution will enable NEAR assets to work harder for the company's infrastructure roadmap, reflecting the company's commitment to future growth and responsiveness to market changes.

OceanPal Appoints CBIZ as New Auditor

Jan 30 2026PRnewswire

Auditor Change: OceanPal Inc. has appointed CBIZ CPAs P.C. as its new independent registered public accounting firm effective immediately, following a comprehensive evaluation by the Audit Committee aimed at enhancing financial transparency and compliance.
Predecessor Resignation: CBIZ CPAs replaces Ernst & Young (Hellas) Certified Auditors Accountants S.A., which resigned on October 28, 2025; the Board confirmed that this change was not due to any disagreements on accounting principles or auditing procedures, ensuring stability in corporate governance.
Company Overview: OceanPal Inc. specializes in the ownership and operation of dry bulk vessels and product tankers, focusing on the seaborne transportation of commodities like iron ore, coal, and grain, with a strategic emphasis on maximizing long-term shareholder value.
SVRN Subsidiary Performance: As a subsidiary of OceanPal, SVRN has raised $120 million and disclosed NEAR holdings exceeding $133 million, driving the growth of AI infrastructure and enhancing the company's market competitiveness and financial stability.