Update
SEC Report Reveals Key Ripple Insiders' Holdings in Nasdaq's New XRP Stock
On October 12, Nasdaq began trading in shares of Evernorth Holdings Inc. (XRPN), which had previously filed a Form 8-K SEC report. The report detailed the distribution of stakes among anchor investors, including key Ripple insiders and strategic partners. The document disclosed that investors received 15,288,001 Class A shares and 31,392,746 Class C shares in the combined company, while former retail shareholders received only 20.5% of the Class A shares. The stock's price corrected from a peak of $48.50 to $17.07 by October 13, showing a daily gain of +0.95%.