• OceanPal completed a corporate overhaul, changing its legal name to SVRN on Aug. 27, 2026.
• Shifted from shipping into a NEAR-focused digital-asset treasury, holding 55,500,000 NEAR tokens.
• July 2026 exit from shipping included retiring all Series C preferred stock, eliminating all debt.
• Restructuring left no cash paid, no stock issued, no NEAR sold; shares continue on Nasdaq under SVRN.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Oceanpal Inc. published the original content used to generate this news brief via PR Newswire (Ref. ID: DC35382) on August 27, 2026, and is solely responsible for the information contained therein.