Evernorth's Public Warrants Could Bring Up to $132.2 Million in Cash

Full cash exercise at $11.50 per warrant would give Evernorth Holdings Inc. gross proceeds of roughly $132.2 million. The warrants cover 11,499,992 Class A shares, with each warrant allowing its holder to buy one share for $11.50. Evernorth would receive the potential cash only if holders exercise the warrants for cash. No exercise is assured, and the maximum proceeds assume every covered warrant is exercised. Evernorth may use net proceeds for corporate needs and has discretion over their allocation. The money is not earmarked for XRP purchases.

Source: TokenPost