Mergers & Acquisitions ·
OceanPal Inc. completed the sale of its vessel-owning holding company, OP Vessel Holdco LLC, to Sezali Inc. on July…
SVRNSVRN, Inc.
OceanPal Inc. completed the sale of its vessel-owning holding company, OP Vessel Holdco LLC, to Sezali Inc. on July 31, 2026, fully exiting the shipping business. The transaction consideration consisted of cancelling all 12,185 outstanding shares of the Company's 8.0% Series C Cumulative Convertible Perpetual Preferred Stock and retiring $5.0 million in promissory notes. No cash changed hands, and no common stock was issued. This action eliminates the Company's last operating assets outside its digital asset treasury and removes all outstanding debt for borrowed money. OceanPal Inc. operates in the blockchain and artificial intelligence infrastructure sector, focusing on commercializing the NEAR Protocol and developing secure AI solutions.