Company research
SVRN, Inc.
CIK 1869467Updated Oct 14, 2026
SecuritySVRN · NASDAQ · equity
Name history
OceanPal Inc. · through Aug 27, 2026
SVRN price & chart
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NASDAQ:SVRN on TradingView ↗About the company
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.
In the news
NASDAQ-Listed SVRN, Inc. Completes Its Corporate Transformation ↗
Recent filings
Financials
FY 2024 · USDSource
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balance sheet · annual statements
| Line item | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|
| ASSETS | ||||
| AssetsUSD | 89,462,000Source | 94,845,000Source | 79,018,000Source | 49,080,000Source |
| Property, Plant and Equipment, NetUSD | 71,263,000Source | 71,100,000Source | 63,672,000Source | 45,728,000Source |
| Current assets: | ||||
| Cash and Cash Equivalents, at Carrying ValueUSD | 7,160,000Source | 14,841,000Source | 8,454,000Source | 1,673,000Source |
| Accounts Receivable, after Allowance for Credit Loss, CurrentUSD | 40,000Source | 2,963,000Source | 4,252,000Source | 811,000Source |
| Inventory, NetUSD | 1,598,000Source | 287,000Source | 334,000Source | 186,000Source |
| Assets, CurrentUSD | 14,112,000Source | 20,044,000Source | 14,171,000Source | 3,200,000Source |
| Prepaid Expense and Other Assets, CurrentUSD | 2,198,000Source | 895,000Source | 1,126,000Source | 460,000Source |
| LIABILITIES AND EQUITY | ||||
| Stockholders’ equity: | ||||
| Preferred Stock, Value, IssuedUSD | 5,000Source | 5,000Source | 5,000Source | 5,000Source |
| Common Stock, Value, IssuedUSD | 75,000Source | 74,000Source | 102,000Source | 88,000Source |
| Additional Paid in CapitalUSD | 110,198,000Source | 100,500,000Source | 78,773,000Source | 47,991,000Source |
| Retained Earnings (Accumulated Deficit)USD | -25,908,000Source | -8,020,000Source | -2,321,000Source | 65,000Source |
| Stockholders' Equity Attributable to ParentUSD | 84,370,000Source | 92,559,000Source | 76,559,000Source | 48,149,000Source |
| Liabilities and EquityUSD | 89,462,000Source | 94,845,000Source | 79,018,000Source | 49,080,000Source |
| Current liabilities: | ||||
| Liabilities, CurrentUSD | 5,092,000Source | 2,286,000Source | 2,459,000Source | 931,000Source |
| Accounts Payable, CurrentUSD | 1,853,000Source | 405,000Source | 281,000Source | 263,000Source |
| Additional Financial Items | ||||
| Accrued Liabilities, CurrentUSD | 2,420,000Source | 898,000Source | 1,154,000Source | 381,000Source |
| Deferred Revenue, CurrentUSD | — | 399,000Source | 374,000Source | 228,000Source |
| Dividends Payable, CurrentUSD | 177,000Source | 110,000Source | — | — |
| Dividends PayableUSD | 177,000Source | 110,000Source | — | — |
cash flow · annual statements
| Line item | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|
| Cash flows from operating activities: | ||||
| Adjustments to reconcile net income to net cash provided by operating activities: | ||||
| Depreciation, Depletion and AmortizationUSD | 7,198,000Source | 7,670,000Source | 4,896,000Source | — |
| Changes in operating assets and liabilities: | ||||
| Increase (Decrease) in Accounts ReceivableUSD | 101,000Source | -1,289,000Source | 3,441,000Source | — |
| Increase (Decrease) in InventoriesUSD | 1,311,000Source | -47,000Source | 148,000Source | — |
| Net Cash Provided by (Used in) Operating ActivitiesUSD | -3,530,000Source | 815,000Source | 1,513,000Source | — |
| Cash flows from investing activities: | ||||
| Net Cash Provided by (Used in) Investing ActivitiesUSD | -2,515,000Source | -6,011,000Source | -5,094,000Source | — |
| Payments to Acquire Property, Plant, and EquipmentUSD | 18,906,000Source | 4,368,000Source | — | — |
| Cash flows from financing activities: | ||||
| Net Cash Provided by (Used in) Financing ActivitiesUSD | -1,636,000Source | 11,583,000Source | 10,362,000Source | — |
| Payments of Ordinary Dividends, Common StockUSD | — | — | 3,101,000Source | — |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate EffectUSD | -7,681,000Source | 6,387,000Source | 6,781,000Source | — |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash EquivalentsUSD | 7,160,000Source | 14,841,000Source | 8,454,000Source | 1,673,000Source |
| Additional Financial Items | ||||
| DepreciationUSD | — | — | 4,896,000Source | — |
| Dividends Payable, CurrentUSD | 177,000Source | 110,000Source | — | — |
| Dividends PayableUSD | 177,000Source | 110,000Source | — | — |
| Gain (Loss) on Disposition of Property Plant Equipment, Excluding Oil and Gas Property and Timber PropertyUSD | -7,000Source | — | — | — |
| General and Administrative ExpenseUSD | 6,212,000Source | 5,281,000Source | 3,083,000Source | — |
| Income (Loss) from Equity Method InvestmentsUSD | -50,000Source | 2,000Source | — | — |
| InterestExpenseNonoperatingUSD | 109,000Source | — | — | — |
| Investment Income, InterestUSD | 312,000Source | 504,000Source | — | — |
| Net Income (Loss) Attributable to ParentUSD | -17,862,000Source | -1,977,000Source | -326,000Source | — |
| Net Income (Loss) Available to Common Stockholders, BasicUSD | -19,729,000Source | -6,707,000Source | -2,674,000Source | — |
| Nonoperating Income (Expense)USD | 183,000Source | 5,745,000Source | — | — |
| Operating Costs and ExpensesUSD | 12,486,000Source | 10,421,000Source | 6,880,000Source | — |
| Operating Lease, Lease IncomeUSD | 24,768,000Source | 18,957,000Source | — | — |
| Other Nonoperating Income (Expense)USD | 30,000Source | -74,000Source | — | — |
| Other Operating Income (Expense), NetUSD | 81,000Source | -131,000Source | 6,000Source | — |
| Payments of Financing CostsUSD | — | — | 1,835,000Source | — |
| Proceeds from Issuance of Common StockUSD | 0Source | 15,123,000Source | — | — |
| Provision for Loan, Lease, and Other LossesUSD | — | — | 0Source | — |
| Revenue from Contract with Customer, Including Assessed TaxUSD | 934,000Source | — | — | — |
| Unrealized Gain (Loss) on DerivativesUSD | 0Source | 6,222,000Source | — | — |
income statement · annual statements
| Line item | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|
| Total RevenueUSD | 25,702,000Source | — | 19,085,000Source |
| Operating Income (Loss)USD | -18,045,000Source | -7,722,000Source | -326,000Source |
| Other Nonoperating Income (Expense)USD | 30,000Source | -74,000Source | — |
| Net Income (Loss) Attributable to ParentUSD | -17,862,000Source | -1,977,000Source | -326,000Source |
| Earnings Per Share, BasicUSD per share | -2.64Source | -2.02Source | -0.86Source |
| Earnings Per Share, DilutedUSD per share | -2.64Source | -3.83Source | -0.86Source |
| Weighted Average Number of Shares Outstanding, Basicshares | 7,465,136Source | 3,315,519Source | 3,113,108Source |
| Weighted Average Number of Shares Outstanding, Dilutedshares | 7,465,136Source | 3,372,207Source | 3,113,108Source |
| Interest Expense (non-operating)USD | 109,000Source | — | — |
| Additional Financial Items | |||
| Depreciation, Depletion and Amortization, NonproductionUSD | 7,198,000Source | 7,670,000Source | — |
| General and Administrative ExpenseUSD | 6,212,000Source | 5,281,000Source | 3,083,000Source |
| Income (Loss) from Equity Method InvestmentsUSD | -50,000Source | 2,000Source | — |
| Investment Income, InterestUSD | 312,000Source | 504,000Source | — |
| Labor and Related ExpenseUSD | 6,235,000Source | 5,254,000Source | — |
| Net Income (Loss) Available to Common Stockholders, BasicUSD | -19,729,000Source | -6,707,000Source | -2,674,000Source |
| Nonoperating Income (Expense)USD | 183,000Source | 5,745,000Source | — |
| Operating Costs and ExpensesUSD | 12,486,000Source | 10,421,000Source | 6,880,000Source |
| Operating Lease, Lease IncomeUSD | 24,768,000Source | 18,957,000Source | — |
| Other Cost and Expense, OperatingUSD | 1,692,000Source | 651,000Source | — |
| Other Operating Income (Expense), NetUSD | 81,000Source | -131,000Source | 6,000Source |
| Revenue from Contract with Customer, Including Assessed TaxUSD | 934,000Source | — | — |
| Taxes, MiscellaneousUSD | 255,000Source | 232,000Source | — |
Offerings
Registration 333-288153
- Gross proceeds
- 20699981.6
- Net proceeds
- 19250982.89
- Deal price
- 1.64
- Shares
- 12621940
- Offering price
- $1.64
- Ticker
- OP
Filing attachments
p15110234_ex99-1.htm · 6-K · 2026-10-09
SVRN Acquires FastNEAR, Expanding Its Role Operating Essential NEAR Infrastructure NEWS PROVIDED BY SVRN, Inc. Oct 08, 2026, 16:15 ET The company's first acquisition as SVRN, Inc. brings in a core provider of network access and data services, along with its founding engineers, and deepens its participation in the NEAR ecosystem. NEW YORK, Oct. 8, 2026 /PRNewswire/ -- SVRN, Inc. (NASDAQ: SVRN) today announced that it has acquired FastNEAR, a provider of the RPC (Remote Procedure Call) infras…
Read attachment ↗p15060228_ex99-1.htm · 6-K · 2026-08-27
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. t…
Read attachment ↗p15043250ex_99-1.htm · 6-K · 2026-08-03
OceanPal Exits Shipping, Retiring All Series C Preferred Stock and Eliminating All Outstanding Debt News provided by OceanPal Inc. Aug 03, 2026, 16:15 ET The sale of the Company's vessel-owning holding company was settled entirely in OceanPal securities and debt - no cash changed hands, no common stock was issued, and no NEAR was sold. ATHENS, Greece and NEW YORK, Aug. 3, 2026 /PRNewswire/ -- OceanPal Inc. ("OceanPal" or the "Company", NASDAQ: SVRN) today announced that on July 31, 2026 it …
Read attachment ↗p15004346_ex99-1.htm · 6-K · 2026-06-18
Exhibit 99.1 Ocean Pal Inc. Announces Results of 2026 Annual General Meeting of Shareholders NEWS PROVIDED BY OceanPal Inc. Jun 18, 2026, 16:15 ET NEW YORK, June 18, 2026 /PRNewswire/ -- OceanPal Inc. (NASDAQ: SVRN) (the “Company” or “OceanPal”) today announced that the Company’s 2026 Annual General Meeting of Shareholders (the “Meeting”) was duly held on June 16, 2026, at 11:00 a.m. Eastern Time. At the Meeting, each of the following proposals, which are set forth in more detail in the No…
Read attachment ↗d12167336_ex99-1.htm · 6-K · 2026-05-22
Exhibit 99.1 OceanPal Inc. Receives Nasdaq Notification Regarding Late Filing of Form 20-F ATHENS, Greece, May 22, 2026 /PRNewswire/ -- OceanPal Inc. (NASDAQ: SVRN) (the "Company" or "OceanPal") today announced that on May 19, 2026 it received a delinquency notification letter (the "Notification") from the Listing Qualifications Department of The Nasdaq Stock Market LLC ("Nasdaq") regarding the Company's non-compliance with Nasdaq Listing Rule 5250(c)(1) as a result of the Company's not having…
Read attachment ↗d12161479_ex99-1.htm · 6-K · 2026-05-13
Exhibit 99.1 OceanPal Inc. Announces 2026 Annual General Meeting of Shareholders to be Held on June 16, 2026 ATHENS, Greece and NEW YORK, May 13, 2026 /PRNewswire/ - OceanPal Inc. (NASDAQ: SVRN) today announced that its 2026 Annual General Meeting of Shareholders (the "Annual Meeting") will be held on Tuesday, June 16, 2026, at 11:00 a.m. Eastern Time, at 151 West 43rd Street, New York, New York. Shareholders of record as of the close of business on May 8, 2026 will be entitled to notice of, …
Read attachment ↗