SVRN Completes Transformation, Builds NEAR Treasury and Exits Shipping
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.