Evernorth Files for $80.7 Million Equity Raise to Fund XRP Purchases

Evernorth filed with the SEC on October 23 for a committed equity financing deal with a Cantor Fitzgerald affiliate. The XRP treasury company may sell up to about 5.219 million new common shares to CF Principal Investments in tranches. At the October 22 close of $15.46, that is roughly $80.7 million. Evernorth holds about 473 million XRP and would use proceeds for general corporate purposes including XRP purchases. The arrangement is not completed financing.