OceanPal, Inc. (NASDAQ: OP) has completed a $120 million private investment in public equity transaction through common stock and pre-funded warrants. The proceeds will establish SovereignAI, a digital asset treasury company focused on commercializing NEAR Protocol and developing blockchain-native AI-cloud infrastructure using NVIDIA technology, according to a press release. Investors in the offering included Kraken, Proximity, Fabric Ventures, and G20 Group.