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SVRN Completes Transformation, Builds NEAR Treasury and Exits Shipping

OceanPal logoOceanPal
Sig4.32Sen+6.15Env0.00Soc0.00Gov+2.12

SVRN continues trading on the Nasdaq Capital Market under the ticker symbol SVRN after OceanPal’s corporate transformation. In October 2025 it closed a $120 million private placement with the NEAR Foundation and formed SovereignAI Services LLC to build a NEAR-anchored digital asset treasury. By July 2026 it sold its shipping business, retired Series C preferred stock, and eliminated all outstanding debt with no cash paid, no stock issued, and no NEAR sold.

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