Ripple-backed Evernorth faces 73.7 million-share selling overhang after brutal stock market debut
Evernorth filed to register 73.7 million shares for potential resale as its stock plunged following its Nasdaq debut. The XRP treasury firm’s Oct. 30 SEC submitting identifies Ripple Labs, Arrington XRP Capital and associates of Japan’s SBI Holdings amongst traders whose holdings might finally enter the general public market. The registration comes as Evernorth’s shares have…
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