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SVRN on Nasdaq

SVRN, Inc.

SVRN, Inc. is a Deep Sea Foreign Transportation of Freight company based in Athens.1

Price unavailable

Last updated Oct 21, 2026.

Overview

$25.7MRevenue, fiscal 20242
-$17.9MNet income, fiscal 20242

Compare with Intercont (Cayman) Ltd, TORO CORP. or C3is Inc., or pick any stock.

  • TickerSVRN on Nasdaq1
  • IndustryDeep Sea Foreign Transportation of Freight1
  • Headquarters1T1
  • Incorporated inMarshall Islands3
  • Business addressPendelis 26, Palaio Faliro, Athens3
  • Filer categoryNon-accelerated filer, Emerging growth company3
  • Legal formCorporation

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1-for-10 and a 1-for-20 reverse stock splits, respectively, on our common stock. All share and per share amounts disclosed herein, give effect to these reverse stock splits retroactively, for all periods presented, unless indicated otherwise.4 From its latest annual report

Financials

From the company’s reports to the SEC. Every number links to the filing it came from.

Key numbers, fiscal 2024

-70.2%Operating margin2
-69.5%Net margin2
35.6%Revenue growth, 20242
-21.2%Return on equity2
-$22.4MFree cash flow2

Where the money goes

Where each dollar of revenue went, fiscal 2024

  • Other costs100¢$25.7M

Out of $25.7M in revenue.2 The company lost money this year.

Financial statements

Revenue2$25.7M in 2024+35% since 2022
0$10.0M$20.0M$30.0M2022: $19.1M$19.1M20222023: $19.0M$19.0M2023−1%2024: $25.7M$25.7M2024+36%
Operating income2-$18.0M in 2024+5435% since 2022
-$20.0M-$15.0M-$10.0M-$5.0M02022: -$326.0K-$326.0K20222023: -$7.7M-$7.7M2023+2269%2024: -$18.0M-$18.0M2024+134%
Net income52-$17.9M in 2024+859% since 2019
-$20.0M-$15.0M-$10.0M-$5.0M02019: -$1.9M-$1.9M20192020: -$3.8M-$3.8M2020+104%2022: -$326.0K-$326.0K2022−91%2023: -$2.0M-$2.0M2023+506%2024: -$17.9M-$17.9M2024+803%
Fiscal year2018201920202021202220232024
Revenue$19.1M2$19.0M2$25.7M2
Operating income-$326.0K2-$7.7M2-$18.0M2
Net income-$1.9M5-$3.8M5-$326.0K2-$2.0M2-$17.9M2
Earnings per share-$17.182-$2.022-$2.642
Earnings per share (diluted)-$17.182-$3.832-$2.642
Shares (weighted, basic)155.7K shares23.3M shares27.5M shares2
Shares (weighted, diluted)155.7K shares23.4M shares27.5M shares2

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Corporate structure

SVRN, Inc. sits at the top of its group. 1 entity on record. Switch between the flow chart and the network, and select any entity to see its details.

Major holders of SVRN, Inc.

  • Abra Marinvest Inc. Filed SCHEDULE 13D/A on SVRN, Inc., latest Aug 4, 2026 (32 filings since May 3, 2023)
  • Eleftherios Papatrifon Filed SCHEDULE 13D/A on SVRN, Inc., latest Aug 4, 2026 (21 filings since Jul 7, 2023)
  • Tuscany Shipping Corp. Filed SCHEDULE 13D/A on SVRN, Inc., latest Aug 4, 2026 (45 filings since Dec 10, 2021)
  • Blackdragon Ventures LLC Filed SCHEDULE 13D/A on SVRN, Inc., latest Feb 12, 2026 (2 filings since Dec 16, 2025)
  • Arena Investors Filed SCHEDULE 13G/A on SVRN, Inc., latest Nov 14, 2025 (2 filings since Aug 8, 2025)
  • Near Foundation Filed SCHEDULE 13D on SVRN, Inc., latest Nov 4, 2025
  • Anamar Investments Inc Filed SCHEDULE 13D/A on SVRN, Inc., latest Oct 30, 2025 (20 filings since Dec 13, 2021)
  • Coronis Investments Inc. Filed SCHEDULE 13G/A on SVRN, Inc., latest Oct 30, 2025 (8 filings since Dec 26, 2023)
  • Taracan Investments S.A. Filed SCHEDULE 13G/A on SVRN, Inc., latest Oct 30, 2025 (7 filings since Dec 8, 2023)
  • George Economou Filed SCHEDULE 13D/A on SVRN, Inc., latest Sep 8, 2025 (14 filings since Sep 28, 2023)
  • DIANA SHIPPING INC. Filed SCHEDULE 13D/A on SVRN, Inc., latest Aug 1, 2025 (6 filings since Jan 6, 2023)
  • INTRACOASTAL CAPITAL, LLC Filed SC 13G/A on SVRN, Inc., latest Feb 6, 2024 (3 filings since Feb 3, 2022)
  • SVRN, Inc. 1T

Built from major holders from Schedules 13D and 13G. Each entity in the chart links to its source.

What it owns

What SVRN, Inc. reports owning in its annual reports to the SEC: buildings, land and equipment, real estate and locations, investments, intangible assets and inventory, at the end of its latest fiscal year and a year before.

Property and equipment

ItemLatestA year beforeChange
Property and equipment, net$71.3M2 Dec 31, 2024$71.1M2 Dec 31, 2023+0.2%

Investments

ItemLatestA year beforeChange
Cash and cash equivalents$7.2M2 Dec 31, 2024$14.8M2 Dec 31, 2023−51.8%
Stakes in other companies (equity method)$3.0M2 Dec 31, 2024$1.6M2 Dec 31, 2023+80.5%

Inventory

ItemLatestA year beforeChange
Inventory, total$1.6M2 Dec 31, 2024$287.0K2 Dec 31, 2023+456.8%

Leadership

Who has led SVRN, Inc., and when. Pick a name to see everywhere that person has worked.

Chief executive

  1. Robert Jonathan Perri2026
  2. Salvatore J. Ternullo2026–now

Chief financial officer

  1. Vasiliki Plousaki2026–now

Chief operating officer

  1. David L. Schwed2026–now
Board members and other officers (10)

Named in SEC Form D filings

People the company listed in its private-offering notices.

  • DirectorGrigorios Filippos Psaltis named Feb 23, 202322
  • DirectorIoannis Jonathan Zafirakis named Feb 23, 202322
  • DirectorSemiramis Paliou named Feb 23, 202322
  • DirectorStyliani Alexandra Sougioultzoglou named Feb 23, 202322

Former names

  • OceanPal Inc.Jun 24, 2021 to Aug 27, 20263

Timeline

  1. Mar 18, 2026New chief executive Salvatore J. Ternullo becomes CEO10
  2. Mar 17, 2026New chief executive Robert Jonathan Perri becomes CEO9

Filings

393 filings to the SEC since October 2021: 5 annual reports, 21 insider forms, 164 large holders, 1 private raises, 202 other. The latest 20:

  1. Oct 15, 20266-K EDGAR
  2. Oct 13, 20264 EDGAR
  3. Oct 13, 20266-K EDGAR
  4. Oct 9, 20266-K EDGAR
  5. Aug 27, 20266-K EDGAR
  6. Aug 4, 20264 EDGAR
  7. Aug 4, 20264 EDGAR
  8. Aug 4, 20264 EDGAR
  9. Aug 4, 2026SCHEDULE 13D/A EDGAR
  10. Aug 4, 2026SCHEDULE 13D/A EDGAR
  11. Aug 4, 2026SCHEDULE 13D/A EDGAR
  12. Aug 3, 20266-K EDGAR
  13. Jun 18, 20266-K EDGAR
  14. May 22, 20266-K CURRENT REPORT OF FOREIGN ISSUER PURSUANT TO RULES 13A-16 AND 15D-16 AMENDMENTS EDGAR
  15. May 15, 20266-K EDGAR
  16. May 13, 20266-K EDGAR
  17. Apr 30, 2026NT 20-F EDGAR
  18. Apr 20, 20264 EDGAR
  19. Apr 16, 20266-K EDGAR
  20. Apr 16, 20264 EDGAR

The 393 filings since October 2021 can be filtered by form type and year here when JavaScript is on.

Every filing from the last five years, summarized. The full record is on SEC EDGAR.

Insider trades

3 open-market trades by officers, directors and large owners since October 2021: 3 buys and 0 sales. Grants, option exercises and gifts are left out.

DateWhoTradeSharesPriceValueFiling
Apr 17, 2026Ternullo Salvatore J.Co-Chief Executive OfficerBuy500$10.35$5.2KForm 4
Apr 16, 2026Ternullo Salvatore J.Co-Chief Executive OfficerBuy500$10.78$5.4KForm 4
Apr 13, 2026Ternullo Salvatore J.Co-Chief Executive OfficerBuy500$10.88$5.4KForm 4

From Forms 4 filed with the SEC.

Major holders

Investors who own more than 5% of the shares must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively.

Funding

Where the company's money came from, by calendar year: private offerings filed with the SEC, federal grants, loans, contracts and other assistance from USAspending.gov, and PPP loans from the SBA. Each bar links to the records below.

Money received by year$15.2M 2023–2023
Money received by yearMoney received by year, 2023–2023: $15.2M in all. Private raises (Form D) $15.2M.$0$5M$10M$15M$20M2023 · Private raises (Form D): $15.2M2023
Figures by year
YearPrivate raises (Form D)Total
2023$15.2M$15.2M

Private raises

Private offerings the company reported to the SEC on Form D. The amount is what the latest filing says was sold so far, charted in the year of the first sale. Covers filings since Oct 1, 2021.

  1. Feb 10, 2023Raised $15.2 million in a private offering of equity22 Form D: 7 investors so far Form D

SEC filer profile

How SVRN, Inc. is registered with the Securities and Exchange Commission, from its EDGAR record and the cover page of its latest annual report.

  • Name on EDGARSVRN, Inc.1
  • CIK0001869467
  • Filer statusNon-accelerated filer an emerging growth company; not a shell company4
  • Incorporated inMarshall Islands4
  • Fiscal year endsDecember 311
  • Industry code (SIC)4412 Deep Sea Foreign Transportation of Freight1
  • SEC reviewing officeOffice of Energy & Transportation, Division of Corporation Finance1
  • Business addressPendelis 26, Palaio Faliro, Athens, Greece1
  • Phone30-210-9485-3601
  • Shares outstanding7,504,982 shares as of Dec 31, 20244
  • AuditorErnst & Young (Hellas) Certified Auditors Accountants S.A., Athens, Greece PCAOB ID 1457; no auditor attestation of internal control over financial reporting4
  • On EDGAR sinceJun 24, 20211
  • Filings398 in all: 6-K (105), SC 13D/A (74), SCHEDULE 13D/A (56), CORRESP (26), UPLOAD (14), 3 (13), F-1/A (13), EFFECT (10)1
    All 36 form types

    SCHEDULE 13G/A (10), SC 13D (9), 4 (8), F-1 (6), SC 13G (6), SC 13G/A (6), 20-F (4), DRS (4), 424B3 (3), 424B4 (3), 424B5 (3), F-3 (3), POS AM (3), 20FR12B/A (2), DRS/A (2), SC TO-I/A (2), SCHEDULE 13D (2), 20-F/A (1), 20FR12B (1), 6-K/A (1), CERT (1), D (1), F-1MEF (1), F-3/A (1), NT 20-F (1), SC TO-I (1), SCHEDULE 13G (1), SEC STAFF ACTION (1)

  • Latest filingsAnnual report (20-F) Apr 15, 2025

Securities registered for trading

ClassSymbolExchange
Common Stock, $0.01 par value including the Preferred Stock Purchase RightsOPNasdaq

From the cover page of the 20-F filed Apr 15, 2025 (Section 12(b) of the Exchange Act).4

Sources

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