EverNorth lines up $80.7M Cantor facility for XRP purchases

EverNorth (Nasdaq: $XRPN) filed to raise up to $80.7 million through a committed equity facility with Cantor Fitzgerald, with proceeds earmarked for general corporate purposes including further XRP purchases.

The raise would add to the company's existing 473 million XRP treasury, which EverNorth is set to deploy starting in Q4 2026 with institutional partners Ripple, Kraken, Coinbase and BitGo. It follows the company's Nasdaq debut via SPAC merger and an earlier secured $132 million warrant-exercise raise.