OceanPal Closes $120M PIPE To Launch SovereignAI, Positioning As Public Investment Vehicle To NEAR Protocol And AI-Driven Blockchain Infrastructure

Benzinga · 10/28/2025 13:14
  • OceanPal launches SovereignAI focused on commercializing the NEAR Protocol
     
  • Deep alignment on a shared vision for universal AI sovereignty with the NEAR Foundation will facilitate the implementation of a NEAR treasury strategy
     
  • Capital generated from treasury management strategy will be used to build a unique blockchain-native, confidential AI-cloud infrastructure using NVIDIA tech and powered by NEAR

ATHENS, Greece and NEW YORK, Oct. 28, 2025 /PRNewswire/ -- OceanPal Inc. ((", OceanPal", , ", OP", , NASDAQ:OP), today announced the closing of a $120M private investment in public equity transaction for the purchase and sale of common stock and/or pre-funded warrants to purchase shares of common stock (the "Offering"). The Company intends to use the net proceeds of the transaction to implement a digital asset treasury strategy through its new wholly owned subsidiary, SovereignAI Services LLC ("SovereignAI"), focused on commercializing the NEAR Protocol, a blockchain platform architected for Artificial Intelligence ("AI") use cases. As a result of this transaction, OP, through SovereignAI, is expected to serve as the leading public investment vehicle to gain exposure to NEAR, the NEAR Protocol's native token, and the foundational AI infrastructure needed to enable agentic commerce.