According to CoinMeta, based on a document submitted by the U.S. Securities and Exchange Commission (SEC) on October 23, XRP's treasury company Evernorth Holdings ( XRPN ) has reached an equity financing agreement with CF Principal Investments under Cantor Fitzgerald. The agreement plans to issue up to approximately 5.22 million Class A ordinary shares in phases. Based on the closing price on October 22, it is estimated that up to about $80.7 million can be raised. The funds will be used to purchase XRP, support the XRP ecosystem, and for general corporate operations. As of October 22, Evernorth had already issued approximately 26.09 million Class A ordinary shares, so the potential additional shares this time are equivalent to about 20% of the current number of shares. The company has not yet confirmed the actual issuance volume or the amount of financing.