Evernorth registers 11.5 million shares with SEC as XRP treasury expansion eyed

Evernorth Holdings, a company backed by Ripple , has filed a prospectus with the U.S. Securities and Exchange Commission (SEC) to register 11,499,992 Class A common shares. These shares are tied to the company’s public warrants, as Evernorth explores further expansion of its XRP holdings. According to the filing, the 11.5 million Class A shares may be issued if public warrant holders choose to exercise their rights to buy shares at $11.50 each.

Source: CoinTurk News