Evernorth secures $30M convertible note investment from NH Investment & Securities

Evernorth Holdings, a company focused on accumulating XRP as a corporate strategy, has secured a $30 million convertible note investment from NH Investment & Securities, The Block reported. The investment is contingent on the completion of Evernorth’s merger with a SPAC, and the proceeds are set to be used across the company’s operations, including XRP purchases. An S-4 registration statement Evernorth filed with the U.S. SEC in connection with the SPAC merger became effective in August. Once the merger is completed, Evernorth is expected to trade on Nasdaq under the ticker XRPN.