By Michael Adeleke Key highlights Evernorth raised $30 million in convertible notes from NH Investment & Securities The funds will be used to purchase XRP for its treasury The deal also depends on Evernorth’s SPAC merger with Armada Acquisition Corp. II going through Evernorth, an investment vehicle for XRP, has raised $30 million from a […]
Tag: SPAC
By Chayanika Deka XRP has shed more than 10% over the past week as its struggle near $1 continues. This downward pressure has pushed the crypto asset’s yearly losses to almost 70%. Despite the negative sentiment, institutional participation appears to be intact, as several firms continue to use exchange-traded products to gain exposure to XRP. […]
Key highlights: Benchmark maintains its Buy rating on Securitize and places the stock price target at $16 Analyst Mark Palmer believes that the current slowdown is due to the SPAC merger Securitize partnered with Cantor Fitzgerald to help smooth IPO processes Tokenization firm Securitize has been struggling since going public on the NYSE. Despite this […]