{"url":"https://newsforagent.com/news/2026-10-31/evernorth-xrpn-share-resale-filing","markdown_url":"https://newsforagent.com/news/2026-10-31/evernorth-xrpn-share-resale-filing.md","title":"Evernorth Plans Resale of 73.7 Million XRPN Shares","headline":"Ripple-Backed Evernorth Files for Resale of 73,688,162 Class A Shares","description":"Evernorth Holdings plans to offer and sell 73,688,162 Class A common shares plus up to 239,653 Pubco shares tied to Sponsor Warrants, per Coingape.","section":"IPOs & Listings","published_at":"2026-10-31T10:09:47+00:00","modified_at":"2026-10-31T10:09:47+00:00","author":"News Desk","key_takeaways":["Evernorth Holdings plans an offer and sale of 73,688,162 Class A common shares.","The filing also covers up to 239,653 Pubco Class A shares issuable on exercise of the Sponsor Warrants.","XRPN closed 3.47% lower at $14.20 on Friday amid XRP and broader crypto market selloffs."],"companies":[{"name":"Evernorth","is_primary":true,"profile_url":"https://akta.pro/company-profiles/003szfw/evernorth","website":"https://www.evernorth.xyz"}],"source":{"publisher":"Coingape","title":"XRP News: Ripple-Backed Evernorth Holdings Plans Almost 73.7M XRPN Stocks Resale","url":"https://coingape.com/xrp-news-ripple-backed-evernorth-holdings-plans-almost-73-7m-xrpn-stocks-resale/"},"other_sources":[],"tags":["IPOs & Listings","Evernorth"],"body_markdown":"Ripple-backed Evernorth Holdings plans to offer and sell 73,688,162 Class A common shares, along with up to 239,653 Pubco shares issuable upon exercise of the Sponsor Warrants. [Coingape](https://coingape.com/xrp-news-ripple-backed-evernorth-holdings-plans-almost-73-7m-xrpn-stocks-resale/) reported the planned resale on October 31, 2026, in a story by Varinder Singh.\n\n## What the Evernorth Resale Covers\n\nThe planned transaction covers 73,688,162 Class A common shares of [Evernorth](https://akta.pro/company-profiles/003szfw/evernorth) Holdings. It also includes up to 239,653 shares of Pubco Class A Common Stock issuable upon exercise of the Sponsor Warrants.\n\nXRPN stock closed 3.47% lower at $14.20 on Friday. Coingape tied the move to selloffs in XRP and the broader crypto market.\n\nEvernorth is a digital asset treasury company building an institutional XRP position, and it is set to list on Nasdaq under the ticker XRPN through a SPAC merger with Armada Acquisition Corp. II, according to [company records](https://akta.pro/company-data). Arrington Capital, founded by Michael Arrington, is the sponsor of Armada Acquisition Corp. II and a significant investor, the same records show.\n\n## Evernorth's Funding and XRP Position\n\nEvernorth has raised over $1 billion in gross proceeds from institutional and strategic investors, according to akta.pro company records. That total includes $200 million from SBI and additional investments from Ripple, Rippleworks, Pantera Capital, Kraken, GSR and Ripple co-founder Chris Larsen.\n\nThe same records list three funding rounds on file.\n\n| Date | Round | Amount | Lead |\n| --- | --- | --- | --- |\n| 2026-09 | Convertible note | $30 million | NH Investment & Securities |\n| 2026-10 | Post IPO equity | $225 million | 6 investors |\n| 2026-10 | Post IPO debt | $30 million | NH Investment & Securities |\n\nEvernorth has purchased and committed 473.27 million XRP, valued at over $685 million, since announcing its business combination with Armada II. In its first week it spent approximately $947 million to acquire 388.7 million XRP, reaching about 95% of its $1 billion accumulation target.\n\n## Evernorth's Deals Before the Resale\n\nOn October 26, 2026, Coingape reported that Evernorth entered a stock purchase agreement with CF Principal Investments to issue 5.2 million XRPN Class A shares, raising $80.7 million to acquire more XRP.\n\nOn October 12, 2026, FinanceFeeds reported that XRPN is listed on Nasdaq, with 473 million XRP per share and 3 billion dollars in cash included in the listing.\n\nOn September 18, 2026, ChainCatcher reported that Evernorth raised $30 million in convertible bonds from NH Investment & Securities, contingent on a SPAC merger, with the funds to buy XRP spot before its Nasdaq listing under the ticker XRPN.\n\n## Evernorth's Earlier SEC Filing\n\nIn March 2026, Evernorth publicly filed a Form S-4 registration statement with the SEC, the first formal disclosure of its business plan, financials and leadership team, advancing the SPAC merger toward closing, according to akta.pro company records.\n","publisher":{"name":"News for Agent","url":"https://newsforagent.com"}}