According to Techub News, OceanPal Inc. announced today the completion of a $120 million private investment in public equity (PIPE) transaction for the purchase and sale of common stock and/or pre-financing warrants. The company plans to use the net proceeds from this transaction to implement a digital asset treasury strategy through its wholly-owned subsidiary SovereignAI Services LLC (“SovereignAI”), which focuses on commercializing the NEAR Protocol, a blockchain platform designed for artificial intelligence (AI) use cases. Through this transaction, OceanPal expects to become a leading public investment vehicle through SovereignAI, providing investors with exposure to NEAR (the native token of NEAR Protocol) and the foundational AI infrastructure needed to support autonomous commercial operations.
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
OceanPal completed a financing of $120 million and partnered with the NEAR Foundation to launch SovereignAI and digital asset treasury.
According to Techub News, OceanPal Inc. announced today the completion of a $120 million private investment in public equity (PIPE) transaction for the purchase and sale of common stock and/or pre-financing warrants. The company plans to use the net proceeds from this transaction to implement a digital asset treasury strategy through its wholly-owned subsidiary SovereignAI Services LLC (“SovereignAI”), which focuses on commercializing the NEAR Protocol, a blockchain platform designed for artificial intelligence (AI) use cases. Through this transaction, OceanPal expects to become a leading public investment vehicle through SovereignAI, providing investors with exposure to NEAR (the native token of NEAR Protocol) and the foundational AI infrastructure needed to support autonomous commercial operations.