Evernorth Secures Committed Equity Facility for Approximately $80 Million to Support XRP Treasury Growth
Evernorth entered into a common stock purchase agreement with Cantor to establish a committed equity facility for up to 5,218,935 Class A shares. If fully executed, the facility would generate approximately $80 million in gross proceeds, based on XRPN’s October 22, 2026 closing price.
Why it matters — The facility could provide Evernorth with proceeds to support XRP treasury growth, while involving the issuance of Class A common shares.