Summary
- Evernox said it is seeking additional funding to build its XRP treasury.
- Evernox said it could raise as much as $80.7 million based on 5,218,935 common shares priced at $15.46 each.
- The company said it plans to use the proceeds for additional XRP purchases, XRP ecosystem-related businesses, and corporate operations including working capital.
Forecast Trend Report by Period
Evernox, a company that holds XRP in reserve, is seeking additional funding.
According to the U.S. Securities and Exchange Commission on Oct. 26, Evernox on Oct. 23 filed an S-1 registration statement covering up to 5,218,935 common shares.
The filing was made under a stock purchase agreement Evernox signed with investment firm CF Principal Investments.
Based on its closing price of $15.46 a share on Oct. 22, the company said it could raise as much as about $80.7 million.
Evernox plans to use the proceeds for additional XRP purchases, XRP ecosystem-related businesses and general corporate purposes, including working capital.
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