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