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SEC approves Evernorth share prospectus for potential XRP treasury growth

The US Securities and Exchange Commission approved a prospectus for Ripple-backed Evernorth Holdings. The company can issue shares from warrant exercises.

  • The US Securities and Exchange Commission approved a prospectus for Ripple-backed Evernorth Holdings.
  • Evernorth plans to use proceeds from share issuances to acquire more XRP and expand its treasury.
  • Evernorth plans to deploy portions of its existing XRP treasury through institutional partners in the fourth quarter.
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