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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…

CryptoSlate
Ripple-backed Evernorth faces 73.7 million-share selling overhang after brutal stock market debut
Image: CryptoSlate