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Sal Ternullo

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@sal_ternullo

CEO @ SVRN (@svrn_ai) | Managing Partner @ A100x Ventures
Boston, MA svrn.net Joined May 2017
1.3K Following 1.6K Followers 452 Posts

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Sal Ternullo Verified account @sal_ternullo
Patrick O’Kain joined SVRN this week as Chief Operating Officer.

Patrick and I worked together for years at KPMG, and he’s someone I trust with the hardest parts of running a business. Before KPMG he led cryptocurrency investigations as a special agent at the DOJ, and most recently he was a General Partner at Borderless Capital.

He joined knowing exactly where @svrn_ai stands today and what we’re building toward. I’m looking forward to working alongside him as SVRN heads into year two.

Read more about Patrick here:

prnewswire.com/news-releases/…
www.prnewswire.com SVRN Appoints Patrick O'Kain as Chief Operating Officer /PRNewswire/ -- SVRN, Inc. (NASDAQ: SVRN) today announced the appointment of Patrick O'Kain as Chief Operating Officer, effective November 2, 2026. O'Kain...
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Sal Ternullo Verified account @sal_ternullo
Sharing an update on SVRN’s 20-F and the Nasdaq process.

We know the lack of answers over the past couple of weeks has been frustrating for SVRN investors. Given the ongoing matters before Nasdaq and the SEC, the Company must communicate developments through its public disclosures, as we have done today.

We did not file our 2025 Annual Report by the October 27 deadline, and Nasdaq issued the anticipated delisting determination. We intend to request a hearing on or before November 6, 2026, which will stay the suspension of trading for 15 days from the date of the request, and seek an extended stay pending completion of the hearings process. We expect our shares to continue trading on Nasdaq during the initial stay period and, if the Nasdaq Hearings Panel grants our request, through the extended stay period. However, there can be no assurance that the Panel will grant an extended stay or that the Company will ultimately maintain its Nasdaq listing.

On October 29, under the oversight of our Audit Committee, we submitted a pre-filing consultation to the SEC’s Office of the Chief Accountant regarding the classification of certain instruments, including our preferred stock and certain outstanding warrants. We intend to file our 2025 Annual Report as promptly as practicable following the conclusion of the consultation and within any period granted by the Nasdaq Hearings Panel. The timing and outcome of the SEC staff’s review are not within our control.

We also expect to miss the December 31 deadline for furnishing our interim financial information for the first half of 2026, as completion of that report depends on resolution of the same accounting matters.

The filing delays do not affect our operations, which continue across our validator and staking operations and our FastNEAR infrastructure business.

We will continue to update shareholders on material developments through the Company’s disclosures. Full release is below:

prnewswire.com/news-releases/…
www.prnewswire.com SVRN Receives Expected Nasdaq Delisting Determination; Will Request Hearing and Extended Stay as... /PRNewswire/ -- SVRN, Inc. (NASDAQ: SVRN) ("SVRN" or the "Company"), formerly OceanPal Inc., today announced that on October 30th, 2026 it received a letter...
10 replies 0 reposts 31 likes 12K views View on X
Sal Ternullo Verified account @sal_ternullo
For several months, companies holding digital asset treasuries have been sorting into categories. Some focus wholly on holding and managing the asset, but some are also devising strategies to drive growth and value back to the underlying network.

This news is an example of the latter for SVRN and NEAR. We designed the incentive program that funds the MPC network securing NEAR Intents, drove it through governance, and run one of its 17 nodes.

Huge thanks to @kendaIIc and @proximityfi for co-authoring HSP-007 with us, @NEARGovernance, the NEAR token holders who voted it through, @_bendersgreat_ and the Near One team for building the network and driving the migration, and the other operators participating alongside us.
NEAR Protocol Verified account @NEARProtocol Oct 15
NEAR’s MPC network now runs with 17 live mainnet operators, funded by the Protocol.

The MPC network is a decentralized network composed of highly reputable, independent operators that power Chain Signatures, the signing layer behind NEAR Intents. HSP-007, approved by House of Stake, moves MPC node operations from discretionary grants to a standing program paid from Protocol emissions and governed by NEAR token holders.

Mainnet operators include @astrostakers, @auroraisnear, @Bitwise, Blacksand, @everstake_pool, @greenfield_cap, @HashKeyCloud, Klever, @luganodes, @MPCH_Labs, @nansen_ai, @NatsaiOU, Near One, @Nodemonste, @StakinOfficial (The TIE), @staking4all, and @svrn_ai. 

This new incentive program helps ensure the critical signing infrastructure that powers NEAR Intents and the cross-chain economy has a funding model built for the long run. 

near.org/blog/mpc-node-…
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10 replies 10 reposts 77 likes 4.1K views View on X
Sal Ternullo Verified account @sal_ternullo
HUGE👏🏻👏🏻👏🏻 well done @Cameron_Dennis_ and the whole team @near_ai
Cameron.near Verified account @Cameron_Dennis_ Oct 15
NEAR AI is now available to @brave's 128M+ monthly active users!

I’m incredibly excited about this because the browser is the interface for the web and it already has the context that makes agents useful - your tabs, searches, documents, work, shopping, research, payments, etc.

That context is also some of the most sensitive data you have so if AI is going to live in the browser, privacy can’t just be a policy you’re asked to trust. It needs to be something you can verify yourself if you want to.

This integration has been cooking for a long time, and I’ve been incredibly impressed by the security diligence Brave brought to the process.

Now, Brave users have the option to select NEAR AI's models so their prompts are encrypted in the browser and only decrypted inside an attested confidential environment so neither Brave nor NEAR AI can read them.

This is @near_ai's first integration at this scale, and I genuinely couldn’t think of a better partner!

Learn more here: near.ai/blog/near-ai-c…
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3 replies 6 reposts 76 likes 1.8K views View on X
Sal Ternullo Verified account @sal_ternullo
And the next 6 will only be more exciting!
Illia (root.near) (🇺🇦, ⋈) Verified account @ilblackdragon Oct 13
Today is the 6th anniversary of @NEARProtocol MainNet!

A lot of great tech has shipped since Oct. 13, 2020 – but our vision has not changed: all people should be able to control their own assets, data, and power of choice. We all deserve access to tools and technology that enhance our sovereignty, intelligence, and opportunity – and in many ways this mission feels even more urgent than it did when we started NEAR 8 years ago.

The last year has brought some great milestones:
–@near_intents has moved $34B in volume, up from $2B this time last year
–Intents integrated 15 more chains for a total of 35, with dozens of app integrations
–Launched Confidential Intents, which grew to $3B as of today in volume and $170m TVL
–near(dot)com launched & shipped tons of new features in under a year
–Near One shipped dynamic resharding and post-quantum signing
–Achieved 1M TPS in a public benchmark
–@near_ai is providing confidential inference to Venice, Brave Browser, and the government of Bermuda – and is now available on OpenRouter
–Token economics upgrades shifted towards greater value capture, including inflation halving, the Intents fee switch, and revenue generation
–Launched House of Stake 2.0 and formalized tokenholder governance
–@alexskidanov made major strides towards cheap, scalable formal verification
–First NEAR ETF with @bitwise and first public treasury company launched @svrn_ai

This only scratches the surface of our ecosystem’s achievements this year – thank you to all in the @NEARProtocol community, whether you’re a new believer or were there at the beginning. Let’s keep building in a positive-sum mindset and watch everyone else catch up.
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