Evernorth Prospectus Covers Up to 11.5 Million Warrant Shares
Photo: TokenPost
Evernorth Holdings Inc.’s Oct. 19 prospectus covers up to 11,499,992 shares issuable through existing public warrants, potentially yielding $132.2 million in gross proceeds without committing that cash to XRP purchases. The figure refers to Evernorth Class A common shares, not XRP tokens. Each public warrant gives its holder the right to buy one share for $11.50. Evernorth would receive the full amount only if all the covered warrants were exercised for cash; the prospectus does not announce a completed issuance. Evernorth expects to use any net proceeds for general corporate purposes. It has not designated the money for XRP purchases.
Source: TokenPost
