Evernorth Holdings Inc. received clearance from the U.S. Securities and Exchange Commission for a filing that could allow it to raise approximately $132.2 million.
The potential proceeds would come from the exercise of 11.5 million public warrants. Each warrant can be converted into one common share at an exercise price of $11.50.
The proceeds are designated for general corporate purposes and, in line with Evernorth’s strategy, are expected to include purchases of XRP on the open market. The Nasdaq-listed company, which operates as an XRP treasury, went public in October 2026. The capital raise would support its effort to expand its digital asset reserves.