OP Overview

Treasury Holdings: SovereignAI's treasury currently holds 53.9 million NEAR tokens valued at approximately $133 million, representing about 4.2% of the total NEAR supply, with a goal to reach 10%.

Ticker Symbol Change: OceanPal Inc. has changed its stock ticker from "OP" to "SVRN" to reflect its commitment to individual sovereignty in AI and its vision for user-owned agentic AI.

Yield Performance: SovereignAI's yield strategies have achieved a gross annual percentage yield (APY) of over 5.3% since inception, showcasing effective treasury management.

NEAR Protocol's Role: The NEAR Protocol is positioned as a foundational technology for user-owned AI commerce, with significant user adoption and transaction volume, supporting SovereignAI's mission to build AI infrastructure.

Ticker Symbol Change: OceanPal Inc. will change its stock ticker symbol from "OP" to "SVRN" effective November 17, 2025, with no impact on shareholder rights or corporate actions required.

Company Overview: OceanPal Inc. specializes in shipping transportation services, focusing on dry bulk vessels and product tankers, and aims to maximize long-term shareholder value through its operations.

SovereignAI Introduction: SovereignAI, a subsidiary of OceanPal, is established to implement a digital asset treasury strategy and develop AI infrastructure that integrates with blockchain technology.

Funding Strategy: SovereignAI plans to utilize NEAR Protocol technology for treasury management, with generated funds aimed at enhancing the company's blockchain-native AI infrastructure.

Ticker Symbol Change: OceanPal Inc. will change its stock ticker symbol from "OP" to "SVRN" effective November 17, 2025, with no impact on shareholder rights or corporate actions required.

Company Overview: OceanPal Inc. specializes in shipping transportation services, focusing on dry bulk vessels and product tankers, and aims to maximize long-term shareholder value through its operations.

SovereignAI Introduction: SovereignAI, a subsidiary of OceanPal, is established to implement a digital asset treasury strategy and develop AI infrastructure that integrates AI and blockchain technologies.

Funding Strategy: SovereignAI plans to utilize NEAR Protocol technology for treasury management, with generated funds aimed at enhancing the company's blockchain-native AI infrastructure.

U.S. Stock Market Performance: U.S. stocks saw gains with the Dow Jones up over 100 points, while the NASDAQ rose 0.45%. The S&P 500 experienced a slight decline of 0.01%.

Sector Movements: Information technology stocks increased by 0.8%, whereas real estate stocks fell by 2.1%.

UPS Financial Results: United Parcel Service (UPS) reported better-than-expected third-quarter earnings of $1.74 per share and projected fourth-quarter sales above estimates.

Global Market Trends: European shares mostly declined, with the eurozone's STOXX 600 down 0.3%, and Asian markets also closed lower, reflecting a broader trend of market downturns.

OceanPal's New Initiative: OceanPal Inc. has launched SovereignAI, a subsidiary aimed at commercializing the NEAR Protocol, with a focus on developing a blockchain-native, confidential AI-cloud infrastructure using NVIDIA technology.

Investment and Strategy: The company closed a $120M private investment to fund a digital asset treasury strategy, intending to acquire at least 10% of the NEAR token supply and leverage it for building innovative AI infrastructure.

Leadership and Expertise: The executive team includes experienced professionals from finance and technology sectors, with a strategic advisory board featuring key figures from the NEAR Foundation and AI industry to support SovereignAI's mission.

Market Focus: SovereignAI aims to address the growing demand for privacy-first, regulatory-compliant AI solutions across various sectors, including finance and healthcare, while promoting user ownership and control over AI technologies.