Evernorth
CompanySecurity timeline
- In the news by CryptoSlateEvernorth's $35 million fundraising could buy 35 million XRP, with a catch
- In the news by CryptoPotatoEvernorth's XRPN shares fall about 83% from post-listing peak in a month
Recent news
Evernorth's $35 million fundraising could buy 35 million XRP, with a catch
Evernorth's fundraising totals $35 million through 9 November and could translate into 35 million XRP. The article says the amount of genuinely new XRP demand will only become clear once the allocation of proceeds and completed purchases are reported.
Evernorth's XRPN shares fall about 83% from post-listing peak in a month
Evernorth's XRPN shares, which began trading on Nasdaq on 12 October after its merger with Armada Acquisition Corp. II, are down roughly 83% from an intraday high near $53. The stock touched $8.35 last week and fell more than 23% on 10 November, closing at $7.96 after a resale prospectus took effect. XRP fell from about $1.40 at the debut to just above $1.00, so the equity has underperformed the token.