Evernorth plans to raise approximately 80.7 million USD through a Cantor equity financing arrangement, with the funds intended for purchasing XRP

According to CoinDesk, XRP treasury company Evernorth plans to raise approximately $80.7 million through a committed equity financing arrangement with a subsidiary of Cantor Fitzgerald, with funds intended for general corporate purposes, including the purchase of XRP. The company currently holds approximately 473 million XRP.

Evernorth's SEC filing submitted on October 23 shows that the company has the right to sell up to approximately 5.219 million shares of newly issued common stock in batches to CF Principal Investments after meeting certain conditions. Based on the closing price of $15.46 per share on October 22, this corresponds to approximately $80.7 million; the actual financing amount depends on the number of shares sold and the transaction price, and does not represent completed financing or coin purchases.