Exchanges· ★★★· bullish·

Evernorth plans up to $80M equity raise via Cantor Fitzgerald to buy more XRP

  • —Shares to be sold periodically at 97% of volume-weighted average price
  • —Gross proceeds estimated at $80.7 million, or about $78.3 million after fees
  • —A separate SEC filing covers up to $132.2 million from 11.5 million warrants at $11.50
  • —Financing has not started pending SEC effectiveness of the resale registration
Why it matters: Evernorth is replicating Strategy's share-sale playbook for XRP, creating a new demand channel for the token while diluting existing shareholders.
#XRP
Source: CryptoSlate
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