Key Takeaways Closing equity issuance will follow XRP’s market price instead of $2.36. Armada II shareholders may receive a larger treasury interest. Backers representing over 95% of committed capital accepted the revised terms. XRP Price and Closing Share Issuance XRP’s market price at closing will determine how many shares Evernorth allocates to investors under its revised private-placement agreements, the company announced Aug. 13 in a release outlining the amendments. Based on XRP’s Aug. 13 price, the formula is expected to reduce the shares issued at closing, leaving each public Armada II share with a larger interest in Evernorth’s XRP treasury. …
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Goldman Sachs Vice Chairman Rob Kaplan has backed the Federal Reserve’s 9–3 decision to hold interest rates at 3.50%–3.75% in July while urging policymakers to …
Solana is now GSR’s largest allocation. GSR said its Core3 model portfolio increased its allocation to Solana to 43.7%, while cutting its Ether holdings …
