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Ripple backed Evernorth files to resell shares after price drop

Ripple-backed XRP treasury company Evernorth Holdings filed to register 73.7 million shares for potential resale by existing investors.

  • Evernorth filed to register 73.7 million shares for potential resale after a sharp decline in its stock price.
  • Ripple Labs and Arrington XRP Capital are among the major shareholders listed in the SEC prospectus for potential resale.
  • Evernorth stated that it will not receive any proceeds from the resale of shares by its shareholders.
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