🚀 Ripple-Backed Evernorth Plans Nasdaq Listing via SPAC Merger
#Ripple #Evernorth #NasdaqListing #SPACMerger #XRP #Cryptocurrency #Blockchain #AsheeshBirla #CryptoRegulations #CryptoCustody #Compliance #Security
According to ChainCatcher, Evernorth, an entity supported by Ripple, is preparing to go public on Nasdaq through a SPAC merger, with the trading symbol XRPN. The company currently holds 388 million XRP tokens.
CEO Asheesh Birla stated, "The timing couldn't be more perfect, with the right regulatory environment, government support, and institutions ready to adopt." Despite a recent decline in valuations for crypto reserve companies, and many ceasing to purchase cryptocurrencies, Birla emphasized that Evernorth not only offers exposure to XRP but also manages custody, compliance, and security obligations.#Ripple #Evernorth #NasdaqListing #SPACMerger #XRP #Cryptocurrency #Blockchain #AsheeshBirla #CryptoRegulations #CryptoCustody #Compliance #Security
🚀 Securitize to Go Public Following SPAC Merger
#Securitize #SPACmerger #tokenization #realworldassets #publiclisting #CantorEquityPartners #SEC #revenuegrowth #BlackRock #financialnews
Securitize, a platform specializing in the tokenization of real-world assets, is set to become a publicly listed company through a merger with special purpose acquisition company Cantor Equity Partners II (CEPT). According to Foresight News, the company's wholly-owned subsidiary has submitted an S-4 form business merger registration statement to the U.S. Securities and Exchange Commission (SEC), marking ongoing progress in the SEC's review process.
The registration statement reveals that Securitize's total revenue for the nine months ending September 30, 2025, reached $55.6 million, representing an 841% increase from $5.9 million during the same period in 2024. For the entire year of 2024, the company's total revenue was $18.8 million.
Previously, CNBC reported in October 2025 that Securitize, which supports BlackRock's tokenized money market fund, would go public through a merger with a SPAC.#Securitize #SPACmerger #tokenization #realworldassets #publiclisting #CantorEquityPartners #SEC #revenuegrowth #BlackRock #financialnews
🚀 Infleqtion Shares Rise Following SPAC Merger
#Infleqtion #SharesRise #SPACMerger #PublicDebut #MichaelKlein #InvestorConfidence #FutureProspects
Infleqtion's shares experienced an increase on Tuesday as the company made its public debut. Bloomberg posted on X that this follows a merger with a special purpose acquisition company (SPAC) sponsored by renowned dealmaker Michael Klein. The merger marks a significant step for Infleqtion as it enters the public market, reflecting investor confidence in the company's future prospects.#Infleqtion #SharesRise #SPACMerger #PublicDebut #MichaelKlein #InvestorConfidence #FutureProspects
🚀 Bitcoin Standard Treasury Plans SPAC Merger Despite Price Drop
#BitcoinStandardTreasury #SPACMerger #CantorEquityPartners #AdamBack #Bitcoin #ShareholderApproval #BitcoinPriceDrop #MacroeconomicUncertainties #BSTR #CEPO #BTC
Bitcoin Standard Treasury Company (BSTR) CEO Adam Back has announced plans to proceed with a SPAC merger with Cantor Equity Partners I (CEPO), aiming for shareholder approval by April. According to ChainCatcher, despite Bitcoin's recent decline to around $63,000, BSTR intends to debut with a balance sheet comprising 30,000 Bitcoins. Of these, 25,000 are provided by Back and founding shareholders, while 5,000 are contributed by early investors. Back views the current lower Bitcoin price as an opportunity for the company to accumulate more Bitcoin at a discounted rate post-listing. He attributes the recent price drop to macroeconomic uncertainties rather than regulatory issues.#BitcoinStandardTreasury #SPACMerger #CantorEquityPartners #AdamBack #Bitcoin #ShareholderApproval #BitcoinPriceDrop #MacroeconomicUncertainties #BSTR #CEPO #BTC
🚀 Evernorth Reports $233.7 Million Digital Asset Impairment Linked to XRP Holdings
#Evernorth #DigitalAssetImpairment #XRP #SPACmerger #NS3AI #PathfinderDigitalAssets #CryptoTreasury #DeFi #XRPholdings #Impairment #RLUSD
Evernorth has revealed a $233.7 million impairment in its digital asset holdings, according to a recent S-4 filing. According to NS3.AI, this impairment is associated with its XRP treasury and an anticipated SPAC merger. At the end of last year, Evernorth, along with Pathfinder Digital Assets, held approximately 473.1 million XRP. This included 84.4 million XRP acquired with $214.1 million in cash, at an average price of about $2.54 per token. The filing indicates that Evernorth intends to actively manage its treasury through various strategies, including lending, automated market-maker liquidity, options strategies, and RLUSD/XRP DeFi activities.#Evernorth #DigitalAssetImpairment #XRP #SPACmerger #NS3AI #PathfinderDigitalAssets #CryptoTreasury #DeFi #XRPholdings #Impairment #RLUSD
🚀 CoinShares to List on Nasdaq via SPAC Merger
#CoinShares #Nasdaq #SPACMerger #CryptoAssets #CSHR #Valuation #FundingRounds
CoinShares, a prominent crypto asset manager overseeing $6 billion in assets, is set to list on Nasdaq through a SPAC merger. According to NS3.AI, trading will commence on April 1 under the ticker CSHR. CoinShares had previously achieved a valuation of $1.2 billion through multiple funding rounds.#CoinShares #Nasdaq #SPACMerger #CryptoAssets #CSHR #Valuation #FundingRounds