Evernorth Holdings’ move could potentially fund it up to $132 million, potentially giving the company more money to expand its XRP holdings. The US Securities and Exchange Commission (SEC) cleared a filing on October 19, 2026, that registers shares linked to public warrants. If investors exercise all these warrants, Evernorth could receive about $132.2 million. Even though, the filing does not confirm that the SEC will buy any particular amount of XRP.
As per the filing, evernorth shareholders have the right to purchase Evernorth Class A common shares at $11.50. The company reserved the proceeds from the offering for general corporate purposes. Although buying more XRP is one of Evernorth’s key strategies, the filing does not guarantee that the money will be spent on the cryptocurrency.
Evernorth announced the merger with the SPAC entity on October 9 and started listing on the Nasdaq stock exchange on October 12. It has the business development strategy that focuses on XRP as a significant digital asset.
IT’S OFFICIAL: 🇺🇸 The SEC has reportedly cleared Evernorth’s filing to raise funds through share sales to BUY MORE $XRP.
THE GREEN LIGHT IS HERE! https://t.co/7Rx74kFbKY
— Crypto Rover (@cryptorover) October 21, 2026
Evernorth has significantly collected XRP from different sources. For instance, Ripple owns more than 126.7 million XRP, while Larsen Lam Children’s Remainder Trust holds 50 million XRP. In addition, Arrington XRP Capital Fund has about 211.3 million XRP.
Evernorth’s cash flow has been affected by the considerable decline in XRP’s price. On October 9, 2026, XRP shares closed at approximately $2.37 when the merger agreement was signed in October 2025, but its closing price was around $1.43. The company’s net loss for the first half of 2026 reached $188.1 million due to the significant decrease in the fair value of XRP.
Evernorth noted that it issued convertible notes worth $30 million. The notes are likely to lead to an increased obligation if converted. Consequently, the most recent filing provides Evernorth with an opportunity to raise additional funds. Yet, whether shareholders will purchase the warrants and how the company will spend the proceeds remain uncertain.
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