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Evernorth XRP DAT S4 filing on the EDGAR SEC has lots of data.
Sponsor (Arrington) paid $0.33 per share while SBI paid $10 per share. Likely why voting power is capped for Arrington and the rest, not capped for SBI.
> Pathfinder is the Evernorth subsidiary holding the XRP treasury of 473M XRP. Pathfinding is the XRP native liquidity hopping algorithm. Ripple contributed 126M XRP in here.
> RippleWorks created by Chris Larsen is investing 211M XRP into Arrington Capital Fund LP (also called Sponsor here) involved in Evernorth.
Basically Chris provides the capital and Arrington manages the day-to-day ops.
Arrington bought the original SPAC out for $0.33 per share.
> Chris also invested directly 50M XRP via his Larsen Lam Childrens Trust.
This is a massive XRP powerhouse that goes to be working capital in the XRP ecosystem. Literally showcasing reference practices for institutions how its done on XRP.
They expect a full XRP DeFi strategy by EOY 2026 👀
Welcome to the XRP Family, Evernorth!

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