Evernorth secures equity facility to sell up to 5,218,935 shares to Cantor
XRPN•Evernorth Holdings entered a committed equity facility with CF Principal Investments on October 23, allowing it to optionally sell up to 5,218,935 newly issued Class A shares. Purchases will generally be priced at 97% of the applicable period’s volume-weighted average price, and commitment fees are capped at $1 million.
1. Facility terms
The facility runs until the first day of the month following its 14-month anniversary, unless terminated earlier. Evernorth will pay an upfront commitment fee of $521,893.50, subject to upward adjustment, with total commitment fees capped at $1 million.
