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SVRN

OceanPal Inc

SVRN

Market cap $16.4M

8.74 USD

-0.06

0.68%

At close Updated Aug 28, 4:00 PM EDT

1 day

-0.68%

5 days

3.07%

1 month

40.29%

3 months

-15.96%

6 months

0.46%

Year to date

-62.33%

1 year

-69.86%

5 years

-100%

10 years

-100%

About: OceanPal Inc is a provider of shipping transportation services. It specializes in the ownership of vessels. Each of its vessels is owned through a separate wholly-owned subsidiary. The company includes Dry Bulk segment and Tanker segment. Majority of revenue is Dry Bulk segment.

Employees: 87

Industrials Marine Shipping

News

Positive

Neutral

Negative

Sentiment 3-Months

Positive 0%

Neutral 100%

Negative 0%

NASDAQ-Listed SVRN, Inc. Completes Its Corporate Transformation

SVRN Holds 55.5 Million NEAR and Launches Public Dashboard Detailing Its Digital Asset Treasury and Staking Positions NEW YORK, Aug. 27, 2026 /PRNewswire/ -- SVRN, Inc. ("SVRN" or the "Company") (NASDAQ: SVRN) today announced the completion of the corporate transformation it began in October 2025. As the final step, the Company's legal name has changed from OceanPal Inc. to SVRN, Inc., effective upon the filing of an amendment to the Company's Articles of Incorporation on August 27, 2026, aligning the corporate entity with the name under which the Company has operated and traded since November 2025.

NASDAQ-Listed SVRN, Inc. Completes Its Corporate Transformation

OceanPal Exits Shipping, Retiring All Series C Preferred Stock and Eliminating All Outstanding Debt

The sale of the Company's vessel-owning holding company was settled entirely in OceanPal securities and debt—no cash changed hands, no common stock was issued, and no NEAR was sold. ATHENS, Greece and NEW YORK, Aug. 3, 2026 /PRNewswire/ -- OceanPal Inc. ("OceanPal" or the "Company", NASDAQ: SVRN) today announced that on July 31, 2026 it completed the sale of 100% of the membership interests in OP Vessel Holdco LLC, the subsidiary that held the Company's remaining vessels through wholly owned vessel-owning subsidiaries, to Sezali Inc. The consideration of the transaction consisted of all 12,185 outstanding shares of the Company's 8.0% Series C Cumulative Convertible Perpetual Preferred Stock (the "Series C Preferred Stock"), which were cancelled, and the cancellation of the Company's $5.0 million of outstanding promissory notes.

OceanPal Exits Shipping, Retiring All Series C Preferred Stock and Eliminating All Outstanding Debt

Fireblocks Trust Company and Figment Enable Staking Under Qualified Custody for Leading NEAR Digital Asset Treasury SVRN

The offering enables NEAR staking within a regulated custody framework, with institutional balance sheets accruing rewards that compound the position over time. NEW YORK, June 24, 2026 /PRNewswire/ -- Fireblocks Trust Company (FBTC ), the NYDFS-chartered qualified custodian for institutional digital assets, and Figment today announced a new institutional staking capability that enables eligible digital asset holders to earn staking rewards on NEAR while assets remain under qualified custody.

Fireblocks Trust Company and Figment Enable Staking Under Qualified Custody for Leading NEAR Digital Asset Treasury SVRN

OceanPal Inc. Announces Results of 2026 Annual General Meeting of Shareholders

NEW YORK, June 18, 2026 /PRNewswire/ -- OceanPal Inc. (NASDAQ: SVRN) (the "Company" or "OceanPal") today announced that the Company's 2026 Annual General Meeting of Shareholders (the "Meeting") was duly held on June 16, 2026, at 11:00 a.m. Eastern Time.

OceanPal Inc. Announces Results of 2026 Annual General Meeting of Shareholders

OceanPal Inc. Receives Nasdaq Notification Regarding Late Filing of Form 20-F

ATHENS, Greece, May 22, 2026 /PRNewswire/ -- OceanPal Inc. (NASDAQ: SVRN) (the "Company" or "OceanPal") today announced that on May 19, 2026 it received a delinquency notification letter (the "Notification") from the Listing Qualifications Department of The Nasdaq Stock Market LLC ("Nasdaq") regarding the Company's non-compliance with Nasdaq Listing Rule 5250(c)(1) as a result of the Company's not having timely filed its Annual Report on Form 20-F for the fiscal year ended December 31, 2025 (the "Form 20-F"). The Notification has no immediate effect on the listing or trading of the Company's common shares on the Nasdaq Capital Market, which trades under the symbol "SVRN.

OceanPal Inc. Receives Nasdaq Notification Regarding Late Filing of Form 20-F

OceanPal Inc. Announces 2026 Annual General Meeting of Shareholders to be Held on June 16, 2026

ATHENS, Greece and NEW YORK, May 13, 2026 /PRNewswire/ -- OceanPal Inc. (NASDAQ: SVRN) today announced that its 2026 Annual General Meeting of Shareholders (the "Annual Meeting") will be held on Tuesday, June 16, 2026, at 11:00 a.m. Eastern Time, at 151 West 43rd Street, New York, New York.

OceanPal Inc. Announces 2026 Annual General Meeting of Shareholders to be Held on June 16, 2026

OceanPal Inc. Regains Nasdaq Compliance

Nasdaq Affirms OceanPal as a Qualified Listed Company; Company to Continue Advancing NEAR Treasury Strategy and Commercial Ecosystem Adoption ATHENS, Greece and NEW YORK, April 16, 2026 /PRNewswire/ -- OceanPal Inc. ("OceanPal" or the "Company", NASDAQ: SVRN) today announced that the Nasdaq Listing Qualifications staff have confirmed that OceanPal has regained compliance with the minimum bid price requirement set forth in Nasdaq Listing Rule 5550(a)(2) and that the Company is in compliance with the Nasdaq Capital Market's listing requirements. OceanPal continues to execute a significant strategic evolution—expanding from a pure-play shipping operator into a diversified company anchored by its NEAR Protocol treasury of approximately 55 million NEAR tokens (including collateral pledged to counterparties), which the Company believes is the only institutionally managed NEAR position of its kind available to public market investors.

OceanPal Inc. Regains Nasdaq Compliance

OceanPal Inc. Discloses Share Repurchases Under Existing Board-Authorized Program; Establishes 0.8x mNAV as a Target Repurchase Threshold

Company has repurchased a total of 345,168 shares prior to the reverse split under its previously announced $10 million program, with $7.3 million remaining in authorized capacity; Company targets buybacks under 0.8x mNAV when shares are undervalued ATHENS, Greece, April 9, 2026 /PRNewswire/ -- OceanPal Inc. (the "Company" or "OceanPal", NASDAQ: SVRN), today announced that it has repurchased a total of 345,168 shares of OceanPal common stock (as adjusted to reflect the reverse stock split) from the initiation of its previously authorized share buyback program through March 27th, 2026. The Company also announced that it will target a 0.8x multiple of net asset value ("mNAV") as a target repurchase threshold for future share repurchases, below which the Company will treat repurchases of its common stock as a primary capital allocation priority.

OceanPal Inc. Discloses Share Repurchases Under Existing Board-Authorized Program; Establishes 0.8x mNAV as a Target Repurchase Threshold

OceanPal Inc. Announces Reverse Stock Split to be Effective March 30, 2026

ATHENS, Greece, March 26, 2026 /PRNewswire/ -- OceanPal Inc. (NASDAQ: SVRN) (the "Company"), announced today that its board of directors has determined to effect a one-for-twenty reverse stock split of the Company's common shares, par value $0.01 per share. The Company's shareholders had approved the reverse stock split at the Company's annual meeting of shareholders held on May 20, 2025.

OceanPal Inc. Announces Reverse Stock Split to be Effective March 30, 2026

OceanPal Inc. Reports Financial Results for the Year Ended December 31, 2025, and Introduces 2026 Guidance

ATHENS, Greece, March 26, 2026 /PRNewswire/ -- OceanPal Inc. (NASDAQ: SVRN) (the "Company" or "OP"), a global shipping company and digital asset treasury operator, today announced its financial results for the fiscal year ended December 31, 2025, alongside financial guidance for the fiscal year 2026. 2025 represented a defining milestone in the Company's evolution.

OceanPal Inc. Reports Financial Results for the Year Ended December 31, 2025, and Introduces 2026 Guidance

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