Funding
XRP Treasury Raises $132 Million
The SEC has approved Evernorth's application to raise up to $132 million through its XRP Treasury program. The company, listed on Nasdaq, is filing an application to issue up to 11.5 million common shares tied to public warrants with an exercise price of $11.50 per unit. If fully exercised, the capital raised will amount to $132.2 million, which will be used to increase the company's corporate XRP token reserves.