SVRN 6-K
OceanPal Inc. (SVRN)
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 August 2026
Commission File Number: 001-40930
SVRN, INC.
(Translation of registrant's name into English)
Pendelis 26, 175 64 Palaio Faliro, Athens, Greece
(Address of principal executive office)
OCEANPAL INC.
(Former name, changed since last report)
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 [X] Form 40-F [ ]
INFORMATION CONTAINED IN THIS FORM 6-K REPORT
Attached to this Report on Form 6-K as Exhibit 99.1 is a press release dated August 27, 2026 of SVRN, Inc. (the "Company"), announcing that the Company's legal name has changed from OceanPal Inc. to SVRN, Inc., effective upon the filing of an amendment to the Company’s Amended and Restated Articles of Incorporation, filed with the Registrar of Corporations of the Republic of the Marshall Islands on August 27, 2026, attached to this Report on Form 6-K as Exhibit 3.1.
The information contained in this Report on Form 6-K, excluding commentary from Salvatore Ternullo, Chief Executive Officer of the Company, 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, July 14, 2023, and December 10, 2025, respectively.
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.
| SVRN, INC. | ||
| (registrant) | ||
| Dated: August 27, 2026 | By: | /s/ Salvatore Ternullo |
| Salvatore Ternullo | ||
| Co-Chief Executive Officer | ||
ARTICLES OF AMENDMENT OF
AMENDED AND RESTATED ARTICLES OF INCORPORATION OF
OCEANPAL INC.
UNDER SECTION 90 OF THE BUSINESS CORPORATIONS ACT
The undersigned, [●], Co-Chief Executive Officer of OceanPal Inc., a corporation incorporated under the laws of the Republic of the Marshall Islands, for the purpose of amending the Amended and Restated Articles of Incorporation of said Corporation hereby certify:
| 1. | The name of the Corporation is: OceanPal Inc. |
| 2. | The Articles of Incorporation were filed with the Registrar of Corporations as of the 15th day of April 2021. |
| 3. | The Articles of Incorporation were first amended and restated with the Registrar of Corporations on November 29, 2021 and further amended by Articles of Amendment on December 21, 2022. On June 7, 2023, an Amended and Restated Articles of Incorporation were filed with the Registrar of Corporations. The Amended and Restated Articles of Incorporation were then further amended by Articles of Amendment on August 22, 2025 and March 27, 2026. |
| 4. | Section A of the Amended and Restated Articles of Incorporation is hereby amended as follows: |
The name of the Corporation shall be: SVRN, Inc.
| 5. | The amendment to the Amended and Restated Articles of Incorporation was authorized by actions of the Board of Directors and Shareholders of the Corporation as required by the Business Corporations Act. |
IN WITNESS WHEREOF, the undersigned has executed these Articles of Amendment on this 25th day of August 2026.
|
/s/ Salvatore J. Ternullo Authorized Person Salvatore J. Ternullo Co-Chief Executive Officer |
NASDAQ-Listed SVRN, Inc. Completes Its Corporate Transformation
NEWS PROVIDED BY
SVRN, Inc. --+
Aug 27, 2026, 16:45 ET
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. The Company's common shares continue to trade on the Nasdaq Capital Market under the ticker symbol "SVRN."
On October 28, 2025, OceanPal Inc., then an owner and operator of dry bulk vessels and product tankers, closed a $120 million private placement in partnership with the NEAR Foundation and formed SovereignAI Services LLC to build a digital asset treasury anchored by NEAR, with a stated target of accumulating 10% of the NEAR token supply over time, and to drive commercial adoption of the protocol.
Since that announcement, the Company has built and actively manages the only publicly traded NEAR digital asset treasury, holding more than 55.5 million tokens, with institutional staking and qualified custody relationships in place. SVRN's commercial adoption work is underway across NEAR's product set, including a pilot partnership with Oracle bringing stablecoin payments to Oracle Simphony point-of-sale systems, settled on NEAR.
In July 2026, the Company sold its shipping business, retired all Series C preferred stock, and eliminated all outstanding debt, with no cash paid, no stock issued, and no NEAR sold. OceanPal Inc., SovereignAI, and SVRN now refer to a single company: SVRN, Inc.
SVRN's digital asset treasury and commercialization strategy are both focused on NEAR, the open infrastructure for the agentic economy. The Company believes that control over assets, data, and the Al agents acting on an individual's behalf is determined at the infrastructure layer. That conviction is why SVRN does more than hold NEAR, it works to expand adoption of the protocol and the products built on it.
"In ten months, we've continued to expand one of the largest institutional positions in NEAR, successfully restructured the capital stack, and exited the legacy business entirely," stated Sal Ternullo, Chief Executive Officer of SVRN. "We're now at the end of the beginning. Completing the transformation is a critical moment that sets up a clean foundation and a single focus on advancing this important technology."
SVRN's dashboard presents the Company's holdings, mNAV, and calculation methodology, with positions updated periodically. The dashboard allows investors to view the Company's digital asset position directly, including progress toward its stated accumulation target.
AboutSVRN
SVRN, Inc. (NASDAQ: SVRN) exists to keep individuals in control of their assets, their data, and the Al agents that act on their behalf. At the center of its work is NEAR Protocol, the open infrastructure for the agentic economy. SVRN's strategy comprises actively managing a digital asset treasury anchored by NEAR, driving commercial adoption of NEAR's products, and backing, building, and acquiring ventures that serve its mission. For more information, visit www.svrn.net.
Forward-Looking Statements
This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements may be identified by the use of words such as "expect," "intend," "plan," "anticipate," "believe," "target," "will," and similar expressions. These statements include, but are not limited to, statements regarding the anticipated benefits of the Company's corporate transformation, name change, and simplification of its capital structure; the Company's stated target of accumulating 10% of the total NEAR token supply over time; the Company's ability to execute its strategy of actively managing its NEAR treasury and driving commercial adoption of NEAR Protocol and the products built on it; the anticipated scope, progress, or outcome of the Company's pilot partnership with Oracle; the Company's beliefs regarding the development of infrastructure for the agentic economy; the timing and completion of the Company's audit and internal control remediation; and the Company's intention to publish and periodically update information on its public dashboard.
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 the Company'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: the Company's ability to complete its audit and internal control remediation and to file its delayed Annual Report on Form 20-F for fiscal year 2025, and the risk that reported figures change, including materially, upon completion of the audit or as a result of valuation changes; the market price and volatility of NEAR and the concentration of the Company's assets in a single digital asset; the Company's ability to acquire additional NEAR on acceptable terms or to achieve its stated accumulation target; risks relating to staking, custody, and counterparty arrangements; the Company's ability to convert pilots and partnerships into commercial deployments or revenue; the Company's limited operating history in its current business following the divestiture of its legacy shipping operations; the Company's ability to raise and deploy capital effectively; developments in technology and the competitive landscape; the continued development, security, and adoption of NEAR Protocol and the actions of third parties within its ecosystem; changes in law, regulation, or the regulatory treatment of digital assets; the Company's ability to maintain compliance with Nasdaq listing requirements; and other risks and uncertainties described in the Company's filings with the U.S. Securities and Exchange Commission, including the risk factors in its most recent Annual Report on Form 20-F (filed under the Company's former name, OceanPal Inc.) and its Report on Form 6-K furnished May 19, 2026, available at www.sec.gov.
The Company 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 applicable law.
SOURCE SVRN, Inc.