Ripple-backed Evernorth Holdings filed with the US SEC to register the planned resale by shareholders of 73,688,162 Class A shares and 239,653 sponsor warrants. The shares include 19.1 million already issued and outstanding, up to about 31.4 million issuable on conversion of Class C stock, and up to 22.95 million issuable through redemption or exchange of company units.
Evernorth said it would receive no proceeds from shareholders’ sales, but could receive proceeds if sponsor warrants are exercised for cash at $11.50 per share. It will pay registration costs; sellers will pay any commissions or discounts.
