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 November 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 November 4, 2026 of SVRN, Inc. (the "Company"), announcing that, upon the resignation of David Schwed as Chief Operating Officer of the Company, Patrick O’Kain was appointed
as Chief Operating Officer, effective November 3, 2026. Mr. Schwed will transition to the role of Senior Advisor to the Company, effective
January 1, 2027.
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: November 4, 2026 |
By: |
/s/ Salvatore Ternullo |
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Salvatore Ternullo |
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Chief Executive Officer |
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SVRN Appoints Patrick O’Kain as
Chief Operating Officer
Former Borderless Capital General Partner,
KPMG crypto practice co-lead, and U.S. Department of Justice special agent to lead SVRN’s operations
NEW YORK, Nov. 4, 2026 /PRNewswire/ -- SVRN,
Inc. (NASDAQ: SVRN) today announced the appointment of Patrick O’Kain as Chief Operating Officer, effective November 3, 2026. O’Kain
joins SVRN bringing more than 20 years of experience across venture capital, institutional advisory, federal law enforcement, and national
security. David Schwed, who has served as Chief Operating Officer since October 2025, will transition to the role of Senior Advisor effective
January 1, 2027.
O’Kain joins SVRN from Borderless Capital,
a digital asset investment firm, where he served as General Partner and led the development and management of its venture fund business,
overseeing fundraising, investments, and operations. Previously, he helped establish and scale KPMG’s crypto advisory practice,
advising banks, fintechs, and other institutional clients on digital asset products, blockchain infrastructure, and regulatory strategy.
At KPMG, he worked closely with SVRN Chief Executive Officer Sal Ternullo.
Earlier in his career, O’Kain served
as a Special Agent with the U.S. Department of Justice, where he helped to build the agency’s cryptocurrency investigative strategies
and led complex cryptocurrency and financial investigations. He began his career in the U.S. Intelligence Community, focused on counterterrorism
and national security. He holds an MBA from Columbia Business School.
As Chief Operating Officer, O’Kain
leads SVRN’s operations, product strategy, and corporate development, including the integration of acquired businesses. His appointment
follows a year in which SVRN expanded from managing its digital asset treasury to operating essential NEAR infrastructure, participating
in network governance, and making its first acquisition, FastNEAR.
“Trust between senior leaders often
takes months to form. I’ve known Patrick for years, and scaling KPMG’s crypto advisory practice with him is why I’m
certain he is the right hire to accelerate the business,” said Sal Ternullo, Chief Executive Officer of SVRN. “Together we
helped some of the largest financial institutions in the country make their first moves into digital assets, and Patrick has worked in
this space in enforcement, advisory, and as an investor, an extremely unique background suited now to scaling SVRN. The company is entering
its second year with a strong foundation in place, and I’m glad to have Patrick on the team driving our next phase of growth.”
“As AI becomes more capable and increasingly
acts on our behalf, I believe it's critical that people retain control over their assets, their information, and the decisions that affect
their lives,” said O’Kain. “That's what makes SVRN's mission so compelling to me. I've worked with Sal for years, and
I'm joining with a clear understanding of both the opportunities and the work ahead. I know what we can accomplish together, and I'm excited
to help turn that potential into real businesses, trusted products, and meaningful value for the people who use them.”
Schwed joined SVRN in October 2025 and was
foundational to guiding the company through its transition from OceanPal Inc. to SVRN, Inc. He will continue to work closely with the
company’s leadership, advising on technology and security in his new role.
About SVRN
SVRN,
Inc. (NASDAQ: SVRN) exists to keep individuals in control of their assets, data, and AI agents acting on their behalf. Its work centers
on 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 serving
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
use of words such as “expect,” “intend,” “plan,” “anticipate,” “believe,”
“will,” and similar expressions. These include statements regarding the responsibilities and expected contributions of the
company’s Chief Operating Officer; the timing and nature of Mr. Schwed’s transition to a Senior Advisor role; the company’s
plans to operate, expand, and acquire businesses; and the expected benefits of these leadership changes to the company.
These
forward-looking statements involve known and unknown risks, uncertainties, and other factors, many beyond the company’s control,
that may cause actual results to differ materially. Important factors include: the company’s ability to retain and integrate key
personnel; the company’s ability to execute its strategy and realize the expected benefits of its investments and acquisitions;
the market price and volatility of NEAR and the concentration of the company’s assets in a single digital asset; the outcome of
the company’s pre-filing consultation with the SEC’s Office of the Chief Accountant and its ability to file its delayed Annual
Report on Form 20-F for fiscal 2025; the outcome of the company’s requested hearing before the Nasdaq Hearings Panel and its ability
to maintain its Nasdaq listing; changes in law or regulatory treatment of digital assets; and other risks described in filings with the
U.S. Securities and Exchange Commission, including risk factors in the most recent Annual Report on Form 20-F and Reports on Form 6-K,
available at www.sec.gov.
The company undertakes no obligation to update
or revise any forward-looking statements except as required by applicable law.
Correction: The first sentence has been
updated to reflect the correct effective date.
SOURCE SVRN, Inc.
