SVRN 6-K
OceanPal Inc. (SVRN)
6-K
2025-11-17
For: 2025-11-17
View Original
Added on
April 09, 2026
FORM 6-K
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
REPORT OF FOREIGN PRIVATE ISSUER PURSUANT TO RULE 13A-16 OR 15D-16
OF THE SECURITIES EXCHANGE ACT OF 1934
For the month of November 2025
Commission File Number: 001-40930
OCEANPAL INC.
(Translation of registrant's name into English)
Pendelis 26, 175 64 Palaio Faliro, Athens, Greece
(Address of principal executive office)
Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F.
Form 20-F ☒ Form 40-F ☐
INFORMATION CONTAINED IN THIS FORM 6-K REPORT
On November 17, 2025, OceanPal Inc. (the “Company”) issued a press release announcing the digital asset treasury holdings of SovereignAI Services LLC, a wholly owned subsidiary of the Company, as of
November 13, 2025, consisting of 53.9 million NEAR tokens with a value of approximately $133 million, which represents approximately 4.2% of total NEAR token supply, and achievement of an approximately 5.3% gross annual percentage yield before fees
since inception on October 28, 2025. A copy of the press release is furnished as Exhibit 99.1 to this Report on Form 6-K. Additionally, on November 14, 2025, the Company issued a press release announcing the change of its stock trading symbol from
“OP” to “SVRN” and trading of the Company’s common stock on the Nasdaq Capital Market under the new ticker symbol “SVRN” effective November 17, 2025. A copy of this press release is furnished as Exhibit 99.2 to this Report on Form 6-K.
The information contained in this report on Form 6-K is hereby incorporated by reference into the Company’s registration statements on Form F-3 (File Nos. 333-269961 and 333-273073) that were filed with
the U.S. Securities and Exchange Commission and became effective on April 18, 2023 and July 14, 2023, respectively. Neither of Exhibit 99.1 and Exhibit 99.2 included with this Report on Form 6-K is incorporated by reference or deemed to be a part of
this Report on Form 6-K or any of such registration statements.
Exhibit Index
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Exhibit No.
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Description.
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Press Release dated November 17, 2025.
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Press Release dated November 14, 2025.
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SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.
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OCEANPAL INC.
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(registrant)
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Dated: November 17, 2025
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By:
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/s/ Robert Perri
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Name: Robert Perri
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Title: Co-Chief Executive Officer
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Exhibit 99.1
OceanPal Announces SovereignAI’s Total Treasury Holdings Exceed $133 Million of NEAR;Ticker Symbol Change to SVRN
● SovereignAI treasury currently holds 53.9 million NEAR token with a value of approximately $133 million as of November 13, 2025 at 12PM EST
● Current treasury holdings represent approximately 4.2% of total NEAR token supply, with SovereignAI on track to achieve its 10% total accumulation target
● Ticker symbol change from “OP” to “SVRN” reinforces commitment to shared vision of individual sovereignty in AI
ATHENS, GREECE & NEW YORK – November 17, 2025 – OceanPal Inc. (“OceanPal” or “OP”, NASDAQ: OP), today announced that its wholly owned
subsidiary SovereignAI Services LLC (“SovereignAI”), which is focused on commercializing the NEAR Protocol, disclosed its initial treasury update as part of its commitment to OP’s recently announced NEAR treasury strategy. As of November 13, 2025, at 12PM EST, SovereignAI treasury holdings totaled 53.9 million NEAR.
Following its prior announcement, OceanPal also disclosed that beginning today November 17, 2025, shares of the Company's common stock will
trade on Nasdaq under the new ticker symbol “SVRN.”
SovereignAI Treasury Update
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Treasury Holdings: As of November 13th, 2025, SovereignAI’s liquid NEAR holdings totaled 53.9 million NEAR, representing a
total value of approximately $133 million. This amount represents ~4.2% of the total NEAR token supply, demonstrating SovereignAI’s ability to quickly reach its 10% of total token supply accumulation target.
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Yield: Since inception, SovereignAI’s yield strategies have achieved a 5.3+% gross annual percentage yield (APY) before fees.
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OceanPal’s recently appointed Co-CEO and CEO of SovereignAI, Sal Ternullo, commented, “We believe in greater
individual sovereignty and individual ownership of AI and our immediate execution on previously disclosed plans to acquire 10% or more of the total NEAR supply affirm our belief that NEAR Protocol’s vertically integrated AI capabilities will
facilitate this future. Our disciplined and data-driven approach to treasury management will allow us to offer our shareholders what we believe is the greatest asymmetric upside among mature Layer 1 protocols in the market with exposure to an
investment in critical AI infrastructure."
Why NEAR?
Just as onchain payment rails are creating a more transparent, accessible financial system, SovereignAI believes open AI rails the NEAR Protocol enables are the essential foundation of a user-owned genetic economy.
NEAR was uniquely architected for high-performance AI-native use cases, making it the best positioned blockchain protocol to deliver this critical infrastructure. Furthermore, the NEAR network continues to lead in user adoption, exceeding 41.6
million monthly active users and is one of the most widely adopted networks by users across use cases from e-commerce, gaming, loyalty programs and many others. The network currently processes between $100 to $200 million dollars in daily
transaction volume through NEAR Intents—underscoring healthy, organic demand at scale for Near Protocol’s unique technology. This growth demonstrates that NEAR Protocol’s unified liquidity layer and vertically integrated AI capabilities will be
the foundation for the future of agentic commerce.
Our SVRN Vision
Alongside the treasury update, OceanPal also disclosed it will be changing its stock ticker but not undertaking any other corporate action that affects the rights of outstanding common stock, with no action required by
shareholders in connection with the ticker symbol change. This change is designed to reflect SovereignAI’s (or “SVRN” for short) vision, that it shares with the NEAR Foundation, of user-owned, agentic AI. SVRN’s goal is to serve as a leading publicly
traded vehicle that provides exposure to both the NEAR token and its unique capability among digital assets to create the foundational AI infrastructure, enabling private, autonomous agent commerce. NEAR’s AI-focused stack allows agents to transact,
manage assets, and make automated decisions while preserving user privacy, governance, and economic rights, aligning with growing institutional interest in scalable, compliant AI solutions.
Mr. Ternullo concluded, “We're just getting started, and SVRN represents the beginning of a new chapter in how
institutions and investors can participate in the future of agentic commerce. We look forward to disclosing further updates on the successful execution of our holistic NEAR treasury management strategy in order to fund the AI infrastructure
buildout we’ll operationalize during our next phase of growth.”
To learn more about SovereignAI’s NEAR treasury strategy, please visit: https://www.svrn.net/
About SovereignAI
SovereignAI is a wholly owned subsidiary of OP formed to implement the company’s digital asset treasury strategy, and developer of confidential AI infrastructure offering a
superior path to get exposure to the intersection of AI and blockchain in the public markets. SovereignAI will use NEAR Protocol’s purpose-built technology to establish private, user-owned agentic commerce. Funds generated by SovereignAI’s holistic
treasury management strategy of NEAR tokens will be used to further the Company’s goal of building unique blockchain-native AI infrastructure.
To learn more about SovereignAI, please visit: https://www.svrn.net/
About OceanPal Inc.
OceanPal Inc. is a global provider of shipping transportation services, specializing in the ownership and operation of dry bulk vessels and product tankers. OP is engaged in the seaborne transportation of bulk
commodities, including iron ore, coal, and grain, as well as refined petroleum products. OP’s fleet is primarily employed on time charter trips with short to medium duration and spot charters, with a strategic focus on maximizing long-term
shareholder value.
Media Contact: [email protected]
Cautionary Note Regarding Forward-Looking Statements
This press release contains statements that constitute “forward-looking statements” within the meaning of the U.S. federal securities laws. Forward-looking statements are statements other than historical facts and
include, without limitation, future announcements and priorities, expectations regarding management, corporate governance, market position, business strategies, future financial and operating performance, and other projections or statements of plans
and objectives.
These forward-looking statements are based on current expectations, estimates, assumptions, and projections, and involve known and unknown risks, uncertainties, and other factors—many of which are beyond OP’s
control—that may cause actual results, performance, or achievements to differ materially from those expressed or implied by such statements. Important factors that may affect actual results include, among others, OP’s ability to execute its growth
strategy; its ability to raise and deploy capital effectively; developments in technology and the competitive landscape; the market performance of NEAR; and other risks and uncertainties described under “Risk Factors” in OP’s Annual Report on Form
20-F filed with the SEC on April 15, 2025, and in other subsequent filings with the SEC. These filings are available at www.sec.gov. OP undertakes no obligation to update or revise any forward-looking statements, whether as a result of
new information, future events, or otherwise, except as required by law.
Exhibit 99.2
FOR IMMEDIATE RELEASE
OceanPal Inc. Announces NASDAQ Ticker Change from “OP” to “SVRN”
ATHENS, GREECE & NEW YORK – November 14, 2025 – OceanPal Inc. (NASDAQ: OP) (“OceanPal” or the “Company”) today announced that it plans to change its stock ticker symbol from
“OP” to “SVRN”.
Beginning Monday, November 17, 2025, shares of the Company’s common stock will trade on Nasdaq under the new ticker symbol “SVRN” and all trading activity, regulatory filings, and market-related information will be
reported under the new symbol. The Company is not undertaking any other corporate action that affects the rights of outstanding common stock, and no action is required by shareholders in connection with the ticker symbol change. The Company’s common
stock will continue to be listed on Nasdaq, and its CUSIP will remain unchanged.
About OceanPal Inc.
OceanPal Inc. is a global provider of shipping transportation services, specializing in the ownership and operation of dry bulk vessels and product tankers. OP is engaged in the seaborne transportation of bulk commodities, including iron ore,
coal, and grain, as well as refined petroleum products. OP’s fleet is primarily employed on time charter trips with short to medium duration and spot charters, with a strategic focus on maximizing long-term shareholder value.
About SovereignAI
SovereignAI is a wholly owned subsidiary of OP formed to implement the company’s digital asset treasury strategy, and developer of confidential AI infrastructure offering a superior path to get exposure to the intersection of AI and blockchain in
the public markets. SovereignAI will use NEAR Protocol’s purpose-built technology to establish private, user-owned agentic commerce. Funds generated by SovereignAI’s holistic treasury management strategy of NEAR tokens will be used to further the
Company’s goal of building unique blockchain-native AI infrastructure.
To learn more about SovereignAI, please visit: https://www.svrn.net/
Media Contact: [email protected]