Evernorth Signs Share Facility With $80.7M Gross Proceeds Estimate

2 outlets reporting

Your call?🐂 Bullish🐻 Bearish

$80.7M

gross proceeds estimate

$XRP

$1.30

+3.1%

The estimate assumes all shares sell at $15.46; after the facility’s 3% discount, illustrative purchase proceeds are $78.3 million. Evernorth expects a substantial portion of any proceeds to fund XRP purchases.