Update
Nasdaq XRP Stock Ownership Revealed
On October 12, Evernorth Holdings Inc. (XRPN) began trading on the Nasdaq exchange. A fresh Form 8-K SEC filing disclosed the distribution of stakes among key Ripple insiders and strategic partners, including 15,288,001 Class A shares and 31,392,746 Class C shares. The filing also showed that former retail shareholders received only 20.5% of the Class A shares in the new capital structure. The XRPN stock price corrected from a peak of $48.50 to $17.07 by October 13, stabilizing at this level.