Funding
Evernorth’s Warrants Could Raise $132M
Evernorth’s newly effective public-warrant registration could raise up to $132 million for the XRP treasury company. The actual per-share outcome depends on the allocation of additional XRP tokens, which must grow faster than the ownership base for the XRP holdings per share to improve. The filing specifies no mandatory XRP allocation, and exercises are unassured, with a cashless exercise option where permitted not delivering the $11.5 exercise price in cash.