Workflow
Confidential AI infrastructure
icon
Search documents
OceanPal Inc. Announces NASDAQ Ticker Change from "OP" to "SVRN"
Prnewswireยท 2025-11-15 00:16
Core Points - OceanPal Inc. plans to change its stock ticker symbol from "OP" to "SVRN" effective November 17, 2025 [1][2] - The change will not affect the rights of outstanding common stock, and no action is required from shareholders [2] - OceanPal Inc. specializes in shipping transportation services, focusing on dry bulk vessels and product tankers [3] Company Overview - OceanPal Inc. is engaged in the seaborne transportation of bulk commodities such as iron ore, coal, and grain, as well as refined petroleum products [3] - The company's fleet primarily operates on time charter trips with short to medium duration and spot charters, aiming to maximize long-term shareholder value [3] Subsidiary Information - SovereignAI is a wholly owned subsidiary of OceanPal, formed to implement a digital asset treasury strategy [4] - SovereignAI focuses on developing confidential AI infrastructure that intersects AI and blockchain in public markets [4] - The subsidiary will utilize NEAR Protocol's technology to establish private, user-owned commerce, with funds generated from NEAR tokens supporting the company's blockchain-native AI infrastructure goals [4]