Evernorth Plans to Raise About $80.7M Through Cantor Equity Financing Arrangement, Proceeds to Include XRP Purchases
27/10/2569 03:00:01
Bollcoin, October 26: According to CoinDesk, XRP treasury company Evernorth plans to raise approximately $80.7 million through a committed equity financing arrangement with a Cantor Fitzgerald affiliate, with proceeds intended for general corporate purposes, including purchasing XRP. The company currently holds approximately 473 million XRP. Evernorth's SEC filing submitted on October 23 shows the company has the right, subject to satisfaction of relevant conditions, to sell up to approximately 5.219 million newly issued shares of common stock to CF Principal Investments in tranches. Based on the October 22 closing price of $15.46 per share, this corresponds to approximately $80.7 million; the actual amount raised depends on the number of shares sold and the transaction price, and does not represent a completed financing or token purchase.