Overview
- The Nasdaq-listed company sold additional common shares at $6.05 each, above its last close, raising about $19 million.
- Management said proceeds will expand its XRP digital-asset treasury and reduce debt.
- The sale was made under a Form F‑1 registration the SEC declared effective on May 27, 2025, with a final prospectus on file.
- Coverage reported placements with long‑term U.S. and global institutions and noted this raise builds on a prior Regulation S offering led by Prince Abdulaziz bin Turki bin Talal Al Saud.
- The stock gained roughly 14% on the announcement, while separate reports describe plans for Caret Digital to scale mining and convert output into XRP to supply the treasury.