{"schema_version":"secwatch.filing_event.v1","accession":"0001193125-26-419146","form_type":"8-K","ticker":null,"cik":"0002092592","company_name":"Evernorth Holdings Inc.","filed_at":"2026-10-09T20:25:19+00:00","discovered_at":"2026-10-09T20:26:00.116437+00:00","generated_at":"2026-10-12T15:08:02.050797+00:00","sec_items":["1.01","2.01","3.02","8.01","9.01","3.01","3.03","5.03","5.01","5.02","5.05","5.06","7.01"],"event_type":"m_and_a","sentiment":"neutral","materiality_score":0.68,"calibrated_materiality_score":0.68,"confidence":"high","headline":"Evernorth closes Ripple-backed de-SPAC; 80.3% redeemed at $10.58, 22.3M Class A shares outstanding","bullets":["Business combination closed Oct 9, 2026: Pathfinder Digital Assets merged into Pubco Evernorth; Ripple contributed 126,791,458 XRP tokens for 18,139,927 Company Units.","Redemptions: 18,463,753 SPAC Class A shares (~80.3% of redeemable) redeemed at ~$10.58/share, aggregate ~$195.39M.","Advance funding: 10,123,015 Class A + 2,905,659 Class C for ~$214.05M cash and 600,000 XRP; delayed funding: 663,510 Class A for $10.5M cash and 200,000 XRP.","Series C: Arrington XRP Capital Fund LP got 926,878 Class A + 29,306,333 Class C for 211,319,096 XRP; Larsen Lam Trust got 623,509 Class A + 6,529,941 Company Units for 50M XRP.","Post-closing outstanding: 22,268,905 Class A, 32,211,992 Class C, 11,739,645 Pubco Warrants; XRP reference price fell from $2.36609 (signing) to $1.43069 (closing)."],"urls":{"canonical":"https://secwatch.observer/filing/0001193125-26-419146","json":"https://secwatch.observer/filing/0001193125-26-419146.json","markdown":"https://secwatch.observer/filing/0001193125-26-419146.md","text":"https://secwatch.observer/filing/0001193125-26-419146.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/2092592/000119312526419146/0001193125-26-419146-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/2092592/000119312526419146/d24481d8k.htm"},"model":{"generated_by":"deepseek-v4.1-flash:cloud@v2","generated_at":"2026-10-12T15:08:02.050797+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}