OceanPal Completes $120 Million Funding Round and Plans to Collaborate with NEAR Foundation to Launch Digital Asset Treasury

OceanPal Inc. announced the completion of a $120 million private placement (PIPE) transaction to purchase and sell common stock and/or pre-funded warrants. The company plans to use the net proceeds from this transaction to implement digital asset treasury strategies through its wholly-owned subsidiary, SovereignAI Services LLC (“SovereignAI”), which is focused on commercializing the NEAR Protocol. (Wall Street Journal)