Scan to Download
Search "OceanPal" has a total of2related results
Techub News reports that Nasdaq-listed digital asset management operator OceanPal released its annual financial report, disclosing that its balance sheet holds approximately 51.3 million NEAR tokens, in addition to 2.85 million NEAR tokens held as collateral for derivative positions. Previously, OceanPal announced a $120 million PIPE investment partnership with the NEAR Foundation and the establishment of the wholly-owned subsidiary SovereignAI Services in October last year. The total assets of this company as of December 31, 2025, are approximately $85.5 million.
Techub News, according to The Wall Street Journal, OceanPal Inc. today announced the completion of a $120 million public company private investment (PIPE) transaction for the purchase and sale of common shares and/or pre-funded warrants. The company plans to use the net proceeds from this transaction to implement a digital asset treasury strategy through its wholly-owned subsidiary SovereignAI Services LLC ("SovereignAI"), which focuses on commercializing the NEAR Protocol, a blockchain platform designed for artificial intelligence (AI) use cases. Through this transaction, OceanPal is expected to become a major public investment vehicle via SovereignAI, providing investors with exposure to NEAR (the native token of NEAR Protocol) and the underlying AI infrastructure required to support autonomous business operations.
Current search results fully loaded