OceanPal completes reorganization, changes name to SVRN Inc
Reuters2026/08/27 21:04- 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.
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