OceanPal Raises $120M in Private Placement to Launch SovereignAI and Expand NEAR Protocol AI Infrastructure

Reuters10-28

OceanPal Raises $120M in Private Placement to Launch SovereignAI and Expand NEAR Protocol AI Infrastructure

OceanPal Inc. (NASDAQ: OP) has announced the closing of a $120 million private investment in public equity $(PIPE)$ transaction involving the sale of common stock and/or pre-funded warrants to institutional accredited investors. The company plans to use the proceeds to implement a digital asset treasury strategy through its new subsidiary, SovereignAI Services LLC, focused on commercializing the NEAR Protocol, a blockchain platform designed for artificial intelligence use cases. OceanPal, through SovereignAI, aims to become a leading public vehicle for exposure to the NEAR token and foundational AI infrastructure. OceanPal will also continue its core operations in global shipping transportation services, specializing in dry bulk vessels and product tankers.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Oceanpal Inc. published the original content used to generate this news brief via PR Newswire (Ref. ID: NY08435) on October 28, 2025, and is solely responsible for the information contained therein.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

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(NASDAQ: OP) has announced the closing of a $120 million private investment in public equity <a href=\"https://laohu8.com/S/PIPE\">$(PIPE)$</a> transaction involving the sale of common stock and/or pre-funded warrants to institutional accredited investors. The company plans to use the proceeds to implement a digital asset treasury strategy through its new subsidiary, SovereignAI Services LLC, focused on commercializing the NEAR Protocol, a blockchain platform designed for artificial intelligence use cases. OceanPal, through SovereignAI, aims to become a leading public vehicle for exposure to the NEAR token and foundational AI infrastructure. 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