Search results for Class A shares
Crypto
XRP-buying Evernorth pushes for Nasdaq listing, files amended S-4 with U.S. SEC
Evernorth Holdings, a company that holds XRP as a digital asset treasury, has filed an amended S-4 registration statement with the U.S. Securities and Exchange Commission as it seeks a Nasdaq listing, The Crypto Basic reported. The listing is planned through a business combination with Armada Acquisition Corp II and involves a multi-step merger with Pathfinder Digital Assets. The planned ticker is XRPN. The structure includes XRP contributions by Ripple Labs and Chris Larsen and cash-and-XRP funding by investors.
AI & Enterprise
Nvidia to invest $2 billion in CoreWeave to support 5 GW AI computing expansion
Nvidia will invest $2 billion in AI cloud company CoreWeave, TechCrunch reported on Jan. 26. Nvidia bought CoreWeave Class A shares at $87.20 per share. The companies plan to jointly build AI factory data centres using Nvidia chips, and CoreWeave will integrate Rubin architecture, Bluefield storage systems and the Vera CPU line into its platform. CoreWeave’s shares rose more than 15 percent after the news.
Crypto
BitGo sets IPO price at $18 as NYSE listing nears
Crypto custody firm BitGo has set its IPO price at $18 a share and plans to list 11 million Class A shares on the New York Stock Exchange, Cointelegraph reported on Jan. 22. The price is above the previously expected $15 to $17 range. The offering is expected to raise $212.8 million. BitGo, founded in 2013, holds more than $90 billion in crypto assets and is targeting a valuation of $1.96 billion through the IPO.