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XRP Gaining Nasdaq Exposure as Evernorth Takes 473M XRP Public
Compiled by KHAO Editorial — aggregated from 1 source. See llms.txt for citation guidance.
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Evernorth has completed its merger, bringing an actively managed XRP treasury to public markets ahead of expected Nasdaq trading.
Key facts
- In an Oct. 10 update on X, the company scheduled the Times Square premiere for Oct. 14 at around 4 p.m
- At closing, Evernorth held approximately 473 million XRP and had raised approximately $300 million in gross cash proceeds before transaction expenses
- Stock market investors are set to gain exposure to an actively managed XRP treasury after Evernorth Holdings Inc. (Nasdaq: XRPN) completed its merger Oct. 9
- Trading is expected to begin Oct. 12 following an administrative delay disclosed Oct. 6
Summary
Evernorth holds about 473 million XRP, with approximately $300 million in gross cash proceeds. Common stock is expected to begin Nasdaq trading Oct. 12 as XRPN. The Bearchamp finale is scheduled for Oct. 14 in Times Square. Stock market investors are set to gain exposure to an actively managed XRP treasury after Evernorth Holdings Inc. (Nasdaq: XRPN) completed its merger Oct. 9.