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.
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SVRN, INC. |
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(registrant) |
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| Dated: August 27, 2026 |
By: |
/s/ Salvatore Ternullo |
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Salvatore Ternullo |
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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.
