Evernorth files $132 million public warrant registration, creates funding route for XRP treasury

Evernorth has registered a public warrant offering that could raise up to $132.25 million, creating a potential funding route for its XRP treasury. The offering covers up to 11.5 million Class A shares with an exercise price of $11.5. A conditional model based on the October 22 XRP price snapshot of $1.32 suggests that for XRP per share to improve, new XRP allocations must grow faster than the expanding share base, with a break-even point at roughly 70% of gross exercise cash. The actual per-share outcome depends on future exercise receipts and XRP purchases.