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Evernorth's XRP Funding Plan Could Raise $18 Million Less Due to Lower Share Price
(1 hour ago) · 1 source · Summarized by CryptoBipto
Evernorth's plan to fund XRP-related operations has cleared a hurdle, but a weaker share price means the company could raise approximately $18 million less than originally anticipated. The lower valuation affects the potential capital that can be generated through share-based fundraising.
WHY IT MATTERS
When a company wants to raise money, it can sell shares of its stock to investors.
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SOURCES
- cryptoslate.com
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