SVRN Appoints G-20 Group to Manage NEAR Treasury Yield Strategy

Rhea-AI Summary

SOVEREIGNAI SERVICES (NASDAQ: SVRN) appointed G-20 Group to manage a new NEAR treasury yield strategy on Feb 11, 2026. The mandate will deploy a portion of SVRN's NEAR holdings into risk-managed derivative overlays to enhance yield while preserving liquidity to fund AI infrastructure growth.

The program follows SVRN's previously disclosed $120 million PIPE and emphasizes capital preservation, institutional treasury practices, and liquidity support for the company’s NEAR-based roadmap.

Positive

• Appoints G-20 Group to actively manage NEAR treasury for yield enhancement
• Leverages risk-managed derivative overlays to seek higher risk-adjusted returns
• Program designed to preserve liquidity while funding AI infrastructure growth
• Builds on a prior $120 million PIPE to deploy NEAR strategically

Negative

• Use of derivative overlays may expose the treasury to market and counterparty risk
• Allocation of NEAR to yield strategy could reduce near-term on‑chain liquidity available for operations

News Market Reaction

-9.63%

4 alerts

-9.63% News Effect

-14.7% Trough Tracked

-$2M Valuation Impact

$21M Market Cap

1.0x Rel. Volume

On the day this news was published, SVRN declined 9.63%, reflecting a notable negative market reaction. Argus tracked a trough of -14.7% from its starting point during tracking. Our momentum scanner triggered 4 alerts that day, indicating moderate trading interest and price volatility. This price movement removed approximately $2M from the company's valuation, bringing the market cap to $21M at that time.

Data tracked by StockTitan Argus on the day of publication.

Key Figures

PIPE financing: $120 million Tender cost: $26.9 million Share repurchase size: $10 million +5 more

8 metrics

PIPE financing $120 million Previously disclosed PIPE supporting NEAR treasury and AI infrastructure

Tender cost $26.9 million Aggregate cost to repurchase Series D preferred shares in tender offer

Share repurchase size $10 million Maximum authorization for common stock buybacks from Dec 1, 2025

Preferred shares tendered 18,996 shares Series D cumulative convertible perpetual preferred stock in final results

Tender price per share $1,400 per share Offer price for Series D preferred plus accrued dividends

Current share price $0.6394 Pre-news price, about 60% below 52-week high

Market capitalization $23,324,137 Equity value before treasury-yield mandate announcement

Today vs avg volume 85,391 vs 136,042 Volume today relative to 20-day average (0.63x)

Market Reality Check

Price: $0.5590 Vol: Volume 85,391 is at 0.63x...

low vol

$0.5590 Last Close

Volume Volume 85,391 is at 0.63x the 20-day average of 136,042, indicating subdued trading ahead of this update. low

Technical Shares at $0.6394 are trading below the 200-day MA at $1.18 and sit well under the 52-week high of $1.61.

Historical Context

5 past events · Latest: Jan 30 (Neutral)

Pattern 5 events

Date	Event	Sentiment	Move	Catalyst
Jan 30	Auditor change	Neutral	-1.2%	Board appointed CBIZ CPAs P.C. as new independent auditor.
Jan 13	Tender results	Positive	-7.2%	Final results of Series D preferred tender totaling about $26.9M cost.
Dec 11	Dividend clarification	Neutral	-0.7%	Clarified accrued dividend of $16.33 per share in tender offer terms.
Dec 03	Self tender launch	Positive	+4.4%	Announced self tender for Series D preferred at $1,400 plus dividends.
Dec 01	Buyback program	Positive	+0.7%	Authorized up to $10M common share repurchases funded by options strategy.

Pattern Detected

Recent news has focused on capital allocation (tenders, buybacks, governance), with mostly modest price reactions and one notable negative divergence on positive preferred tender results.

Recent Company History

Over the past few months, OceanPal (NASDAQ: SVRN) has focused on balance-sheet and capital-allocation actions. These include a board-authorized share repurchase program of up to US$10 million starting December 1, 2025, and a self tender offer for its 7.0% Series D preferred stock at $1,400 per share plus accrued dividends, later clarified with dividends of $16.33 per share. Final tender results totaled 18,996 shares for about $26.9 million. A new audit firm was also appointed. Today’s treasury-yield mandate extends this balance-sheet optimization trend into digital-asset management.

Market Pulse Summary

The stock moved -9.6% in the session following this news. A negative reaction despite the treasury-y...

Analysis

The stock moved -9.6% in the session following this news. A negative reaction despite the treasury-yield mandate fits a pattern where balance-sheet actions have not always been rewarded, as seen when positive tender results were followed by a -7.2% move. The stock traded at $0.6394, well below its $1.61 52-week high and 200-day MA of $1.18, which may reflect skepticism about digital-asset exposure and derivative use. Execution risk in managing NEAR holdings and broader market risk around crypto-related strategies could also weigh on sentiment.

Key Terms

pipe financing, derivative overlays, treasury management, quantitative trading, +2 more

6 terms

pipe financing financial

"Following SVRN's previously disclosed $120 million PIPE financing and the build-out"

Pipe financing is a way for companies to raise money quickly by selling new shares or bonds directly to investors, often before their stock is publicly traded or in the early stages of a project. It’s similar to a company securing a loan from investors, providing quick capital needed for growth or operations. For investors, it can offer opportunities for early involvement and potentially higher returns, but it may also carry increased risk due to the immediate nature of the deal.

derivative overlays financial

"deploy a portion of SVRN's NEAR holdings through risk-managed derivative overlays"

A derivative overlay is a set of options, futures or swap contracts placed on top of an existing investment portfolio to change its risk or return profile without buying or selling the underlying holdings. Like putting a weatherproof cover on a car, an overlay can limit losses, generate extra income or increase exposure temporarily, but it also brings added cost, complexity, counterparty and liquidity risks that can materially affect investor returns.

treasury management financial

"a leading player in treasury management to generate alpha and capital efficiency."

Treasury management is a company's day‑to‑day handling of cash, short‑term investments, borrowing and financial risks to make sure bills are paid, excess cash is used wisely, and exposure to things like interest rates or foreign currencies is controlled. Think of it as running the company's checking account and emergency fund so operations keep flowing. For investors, strong treasury management signals that a company can meet obligations, fund growth without costly surprises, and protect value in changing markets.

quantitative trading technical

"G-20 Group, a quantitative trading and asset-management firm at the intersection"

Quantitative trading uses computer programs and mathematical models to decide when to buy or sell securities, based on patterns in prices, volumes and other data. Like a recipe or thermostat that follows rules instead of moods, it executes trades quickly and consistently; for investors this matters because it can change how easily trades are filled, affect short-term price moves and overall market liquidity, and influence risk and returns.

digital-asset markets financial

"Efficient capital deployment is critical for public entities operating in digital-asset markets"

Digital-asset markets are the places and systems where digital tokens—such as cryptocurrencies, stablecoins and other blockchain-based instruments—are bought, sold and exchanged, whether on centralized platforms, decentralized protocols or over-the-counter desks. For investors they matter because these markets determine price, liquidity and risk for digital holdings, similar to how a stock exchange sets shares’ value, and they bring unique considerations like higher volatility, custody needs and regulatory uncertainty.

treasury yield strategy financial

"appointed G-20 Group as asset manager for a new NEAR treasury yield strategy."

A treasury yield strategy is an investment approach that uses the interest rates paid on government bonds as the main guide for picking which maturities and amounts to hold. Think of it as using a road map of short- and long-term interest “signs” to decide whether to lock in higher rates, spread risk across different times, or chase rising yields; it matters to investors because those choices directly affect expected income, portfolio value when rates move, and overall risk exposure.

AI-generated analysis. Not financial advice.

Mandate aims to generate risk-managed yield on SVRN's NEAR holdings to help fund AI infrastructure growth

ATHENS, Greece and NEW YORK, Feb. 11, 2026 /PRNewswire/ -- SovereignAI Services LLC ("SVRN"), a wholly owned subsidiary of OceanPal Inc. ("OceanPal", NASDAQ: SVRN) that fuels the infrastructure for secure, autonomous AI, today announced that it has appointed G-20 Group as asset manager for a new NEAR treasury yield strategy. Following SVRN's previously disclosed $120 million PIPE financing and the build-out of its NEAR treasury, the mandate is designed to deploy a portion of SVRN's NEAR holdings through risk-managed derivative overlays that aim to enhance yield while preserving liquidity to support the company's AI infrastructure roadmap.

"This mandate represents a strategic evolution of our treasury operations, designed to make our NEAR balance sheet work harder without compromising liquidity," said Sal Ternullo, CEO of SVRN and co-CEO of OceanPal. "By working with G-20 Group to actively manage our NEAR holdings, we aim to enhance risk-adjusted returns that help fund SVRN's infrastructure roadmap."

Illia Polosukhin, CEO & co-founder of NEAR Foundation, added: "G-20 has been a key partner in the Near ecosystem and we are excited to see their role expand with SVRN to accelerate balance sheet yield generation strategies driving the accumulation of NEAR."

G-20 Group, a quantitative trading and asset-management firm at the intersection of currencies, crypto and commodities, is a leading player in treasury management to generate alpha and capital efficiency.

"Efficient capital deployment is critical for public entities operating in digital-asset markets," said Dr. Nagendra Bharatula, CEO of G-20 Group. "We have structured a strategy for SVRN that prioritizes capital preservation while capturing yield opportunities. Our focus is on delivering consistent, risk-managed returns that support SVRN's long-term growth objectives."

The engagement with G-20 Group leverages the firm's experience in structured derivative markets and institutional treasury mandates. The program is expected to help SVRN maintain liquidity, maximize asset utility and support its broader mission as a sophisticated participant in the NEAR ecosystem.

Nauman Sheikh, Head of Treasury Management at G-20 Group, also added: "Our role is to translate SVRN's NEAR holdings and risk appetite into an overlay that can scale, withstand volatility and remain fully aligned with the company's broader balance-sheet strategy. In our view, this kind of transparent, systematic treasury program is one of several approaches that will help define the next generation of digital-asset treasuries."

About SVRN

SVRN, a wholly-owned subsidiary of OceanPal, fuels the growth of AI infrastructure that enables agents to act autonomously and securely. SVRN actively manages a treasury of NEAR—the network powering this infrastructure—generating returns that fund universal liquidity and AI privacy technologies. SVRN bridges these innovations to the enterprise, driving commercial adoption so businesses can deploy AI solutions that protect sensitive data and execute complex actions across any network.

To learn more about SVRN, please visit: https://www.svrn.net/

Media Contact: svrn@mgroupsc.com

About G-20 Group

G-20 Group is a leading cross-asset quantitative trading and asset-management firm active in delta-one and derivatives markets. Established in 2010, G-20 provides liquidity solutions, treasury management, and institutional advisory services. G-20 is supported by an outstanding team of professionals with a robust global presence in EMEA, the Americas and APAC.

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. OceanPal Inc. is engaged in the seaborne transportation of bulk commodities, including iron ore, coal and grain, as well as refined petroleum products. OceanPal Inc.'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.

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 OceanPal's and SVRN'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, SVRN'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 OceanPal'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. OceanPal 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.

 

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SOURCE OceanPal Inc.

FAQ

What did SVRN (NASDAQ: SVRN) announce about NEAR treasury management on Feb 11, 2026?

SVRN appointed G-20 Group to manage a NEAR treasury yield strategy for risk-managed yield enhancement. According to the company, the mandate will deploy a portion of NEAR via derivative overlays while preserving liquidity to support AI infrastructure.

How does the G-20 mandate aim to support SVRN's AI infrastructure funding?

The mandate seeks to generate risk-adjusted yield on NEAR holdings to help fund AI infrastructure growth. According to the company, proceeds from enhanced yield are intended to support the company's infrastructure roadmap and capital needs.

How much prior financing did SVRN disclose before appointing G-20 Group to manage NEAR?

SVRN previously disclosed a $120 million PIPE financing prior to this mandate. According to the company, the NEAR treasury program builds on that financing as part of broader balance-sheet deployment.

What risk controls does G-20 Group say it will apply to SVRN's NEAR treasury program?

G-20 says the strategy prioritizes capital preservation and a risk-managed approach to yield generation. According to the company, the overlay is structured to scale, withstand volatility, and remain aligned with SVRN's balance-sheet strategy.

Will the NEAR treasury program affect SVRN's liquidity for operations and roadmap?

The program is designed to preserve liquidity while deploying a portion of NEAR into yield strategies. According to the company, maintaining liquidity is a stated objective so operational needs for AI infrastructure remain supported.