---
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"
generated_at: "2026-10-12T15:08:02.050797+00:00"
event_type: "m_and_a"
sentiment: "neutral"
materiality_score: 0.68
calibrated_materiality_score: 0.68
confidence: "high"
source: SEC EDGAR
---

# Evernorth closes Ripple-backed de-SPAC; 80.3% redeemed at $10.58, 22.3M Class A shares outstanding

## Summary
- 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).

## SEC filing metadata
- accession: 0001193125-26-419146
- form_type: 8-K
- cik: 0002092592
- company_name: Evernorth Holdings Inc.
- filed_at: 2026-10-09T20:25:19+00:00
- event_type: m_and_a
- sentiment: neutral
- materiality_score: 0.68
- calibrated_materiality_score: 0.68
- confidence: high
- 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
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-26-419146
- JSON: https://secwatch.observer/filing/0001193125-26-419146.json
- Plain text: https://secwatch.observer/filing/0001193125-26-419146.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.