Funding
Evernorth Funds Expansion with $132 Million
Ripple-backed Evernorth filed to register 11.5 million shares tied to existing warrants, potentially raising $132.2 million. The filing covers up to 11.5 million warrant shares, without earmarking funds for XRP purchases. Evernorth purchased 84.4 million XRP at $2.54 per token, representing only part of its XRP treasury.