🚨 $132M MAX: EVERNORTH'S NEW FILING, EXPLAINED
Evernorth, reportedly an XRP treasury company, filed a prospectus for up to 11,499,992 shares tied to warrants at $11.50 each.
If every warrant is used, it could raise about $132.2M.
Simple meaning: more shares can be created, so each existing share could own a smaller piece. That is called dilution.
Here's the honest part: some posts call this "SEC approval to buy XRP." The filing does not say that, and it does not promise the money buys XRP.
Not financial advice.
Good for XRP or not? YES or NO 👇
#xrp #Ripple #CryptoNews #Evernorth #crypto
$XRP
Evernorth, reportedly an XRP treasury company, filed a prospectus for up to 11,499,992 shares tied to warrants at $11.50 each.
If every warrant is used, it could raise about $132.2M.
Simple meaning: more shares can be created, so each existing share could own a smaller piece. That is called dilution.
Here's the honest part: some posts call this "SEC approval to buy XRP." The filing does not say that, and it does not promise the money buys XRP.
Not financial advice.
Good for XRP or not? YES or NO 👇
#xrp #Ripple #CryptoNews #Evernorth #crypto
$XRP