SVRN, Inc. (formerly OceanPal Inc.) completed its corporate transformation on August 27, 2026, changing its legal name to align with its trading identity and NASDAQ ticker symbol "SVRN." The company has fully exited its legacy dry bulk shipping business, retired all Series C preferred stock, and eliminated outstanding debt without issuing equity or selling assets. SVRN now operates as a publicly traded digital asset treasury focused on the NEAR Protocol, holding over 55.5 million NEAR tokens acquired through a $120 million private placement in October 2025. The company aims to accumulate 10% of the total NEAR supply and is driving commercial adoption through initiatives such as a pilot partnership with Oracle for stablecoin payments. SVRN, Inc. operates in the digital asset management and blockchain infrastructure industry.

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.

OceanPal Inc. announced the results of its Annual Meeting of Shareholders held on June 16, 2026. The filing serves to incorporate the meeting outcomes into the company's existing registration statements with the SEC. OceanPal Inc. is a maritime company engaged in the ownership and operation of ocean-going vessels.