Arrington’s XRP Fund Holds a $514M Evernorth Stake Ripple Can Steer

Arrington XRP Capital Fund disclosed a 19.9% voting stake in Nasdaq-listed Evernorth late Monday, and the same filing shows Rippleworks can direct how 30.2 million of the fund’s shares are voted. A Form 3 is the initial ownership statement insiders and 10% holders file with the Securities and Exchange Commission (SEC). Arrington’s form, signed Oct. 19 , lists three reporting persons, i.e. the fund itself, Arrington Capital Management, and Jack Michael Arrington, the Techcrunch founder who runs the firm. The content of the document are as follows: A companion Schedule 13G puts the stake at exactly 19.9% of Evernorth’s 23,638,882 Class A shares outstanding as of Oct. 9. At Monday’s $15.23 close , the Class A block is worth about $71.6 million.

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