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 company's Oct. 30 SEC filing identifies Ripple Labs, Arrington XRP Capital and affiliates of Japan's SBI Holdings among investors whose holdings could eventually enter the public market. The registration comes as Evernorth's shares have… Read the full story on CryptoSlate Understand the crypto stories that matter and what to watch next. Get The Catalyst in your inbox
Key Takeaways
- Evernorth filed to register 73.7 million shares for potential resale as its stock plunged following its Nasdaq debut.
- The XRP treasury company's Oct.
- 30 SEC filing identifies Ripple Labs, Arrington XRP Capital and affiliates of Japan's SBI Holdings among investors whose holdings could eventually enter the public market.
Summary generated by IndiCrypto from CryptoSlate. IndiCrypto is a news aggregator and does not provide investment advice. Read the original article for full context.
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