- SVRN will request hearing by Nov 6 and ask for extended stay.
SVRN, formerly OceanPal, fell 8.3% to $27.03 in after-hours trading after Nasdaq determined its securities are subject to delisting. The company missed the terms of a previously granted exception tied to its unfiled 2025 Form 20-F. SVRN plans to request a hearing by Nov. 6, which triggers a 15-day stay on any suspension. Shares are expected to keep trading at least through that period.
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