Evernorth’s XRP Holdings Now Public on Nasdaq
- Evernorth Holdings Inc. completed its merger on Oct. 9, holding approximately 473 million XRP.
- The company raised about $300 million in gross cash proceeds before transaction expenses.
- Trading of Evernorth’s common stock under the ticker XRPN is set to begin on Nasdaq on Oct. 12.
- Investors include Arrington Capital, SBI Group, Ripple, Pantera Capital, and Kraken.
- The Bearchamp finale event is scheduled for Oct.14 in Times Square as part of Evernorth’s public debut week.
Evernorth’s merger completion allows stock market investors to gain exposure to an actively managed XRP treasury through Nasdaq-listed shares under the ticker XRPN starting Oct.12.
With significant backing from key investors and a strategic focus on expanding XRP utility, Evernorth aims to increase XRP per share over time while celebrating its public debut with the Bearchamp event in Times Square.(Source)
