Evernorth’s XRP funding plan could raise $18 million less at lower share price

Key points

• Evernorth has reached an effectiveness milestone on October 30 for its XRP funding plan, fulfilling one key condition.
• However, revised share price estimates indicate that the company could raise up to $18 million less than previously anticipated.
• The initial full share allowance represented $62.5 million based on November 3 closing prices before accounting for discounts and expenses.

Summarized automatically by Kryptokite from reporting by CryptoSlate. Read the original sources for full detail.