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OceanPal (NASDAQ: SVRN) announced a board-authorized share repurchase program to buy back up to US$10 million of outstanding common stock, commencing December 1, 2025.
The company said repurchases will be funded by premiums generated from its options strategy and that a recent PIPE transaction and strong balance sheet provide flexibility to support the program. Management framed the repurchase as part of a strategic shift toward AI-cloud infrastructure under the SovereignAI operating model and a commitment to generating shareholder value.
