the tag says the merger is complete. Evernorth's own release says October 7
#EvernorthXRPTreasuryCompletesSPACMerger runs ahead of the paperwork: closing is expected October 7, subject to the remaining conditions, XRPN trades as the merged company from October 8
what else moved:
šø the SPAC ran about 273% in a week to $39.42
šø about 80% of the trust money goes back to SPAC holders, roughly $48 million stays
šø an 8-K on October 5 makes the $11.50 warrants exercisable at the combination
šø XRPN closed at $38.65 that day, then $26.01 after hours, -32.70%
so the week's pump met the warrant math. at closing it should hold about 473 million $XRP
, that part didn't change
I don't hold XRP or XRPN. October 8 I'll check XRPN's first day as the merged company, numbers go here, so follow if you're tracking it
#xrp #SPAC
#EvernorthXRPTreasuryCompletesSPACMerger runs ahead of the paperwork: closing is expected October 7, subject to the remaining conditions, XRPN trades as the merged company from October 8
what else moved:
šø the SPAC ran about 273% in a week to $39.42
šø about 80% of the trust money goes back to SPAC holders, roughly $48 million stays
šø an 8-K on October 5 makes the $11.50 warrants exercisable at the combination
šø XRPN closed at $38.65 that day, then $26.01 after hours, -32.70%
so the week's pump met the warrant math. at closing it should hold about 473 million $XRP
, that part didn't change
I don't hold XRP or XRPN. October 8 I'll check XRPN's first day as the merged company, numbers go here, so follow if you're tracking it
#xrp #SPAC
