Monitor for any subsequent Form 4 filings by Arrington entities or RippleWorks that could signal changes in voting control or share disposition. The warrant exercise price of $11.50 provides a reference point for potential future dilution.
Price Chart
Executive Summary
Arrington XRP Capital Fund, LP, its general partner Arrington Capital Management, LLC, and Jack Michael Arrington filed a Form 3 initial statement of beneficial ownership for Evernorth Holdings Inc. The filing discloses ownership of 4,704,137 shares of Class A Common Stock directly held by the Fund, 29,033,708 shares of Class C Common Stock (convertible into Class A), and warrants exercisable for 84,653 Class A shares at $11.50. A letter agreement with RippleWorks Inc. grants RippleWorks voting and disposition consultation rights over 30,233,211 of these shares. This is a routine initial ownership disclosure with no material financial impact.
Key Facts
- Arrington XRP Capital Fund, LP directly holds 4,704,137 shares of Class A Common Stock.
- The Fund also holds 29,033,708 shares of Class C Common Stock, convertible into Class A at holder's election (subject to a 19.9% RippleWorks ownership cap).
- The Fund holds warrants exercisable for 84,653 Class A shares at $11.50 per share, expiring October 9, 2031.
- A letter agreement with RippleWorks Inc. gives RippleWorks voting direction and disposition consultation rights over 30,233,211 shares (the 'DAT Side Pocket Shares').
- This is an initial Form 3 filing, not a transaction — no shares were bought or sold.
Financial Impact
No financial impact — this is a routine initial ownership disclosure with no transaction or change in position.
Risk Factors
- Potential future dilution from warrant exercise (84,653 shares at $11.50).
- Voting control shared with RippleWorks via letter agreement could introduce governance complexity.
Documents Analyzed
This report is based on 3 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 3 Filing (Primary) | 0001193125-26-425555 |
| Document: 0001193125-26-425555-index.html | 0001193125-26-425555 |
| Document: 0001193125-26-425555.txt | 0001193125-26-425555 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 23, 2026 3d ago | S-1 | $14.94 | awaiting T+5 | — | $15.00 (+0.40%) |
Oct 23, 2026 3d ago | 8-K | $15.16 | awaiting T+5 | — | $15.00 (−1.06%) |
Oct 20, 2026 6d ago | EFFECT | $14.85 | awaiting T+5 | — | $15.00 (+1.01%) |
Oct 19, 2026 7d ago | SC 13G | $14.85 | awaiting T+5 | — | $15.00 (+1.01%) |
Oct 19, 2026 7d ago | 3 | $14.85 | awaiting T+5 | — | $15.00 (+1.01%) |
Oct 15, 2026 11d ago | SC 13G | $15.45 $15.06 | ▼ −2.52% | ▼ −2.09% | $15.00 (−2.91%) |
Oct 9, 2026 17d ago | 25-NSE | $16.91 $15.23 | ▲ +9.93% | ▲ +8.44% | $15.00 (+11.30%) |
Oct 9, 2026 17d ago | 8-K | $16.91 $15.23 | ▲ +9.93% | ▲ +8.44% | $15.00 (+11.30%) |
Oct 9, 2026 17d ago | 3 | $16.91 $15.23 | ▼ −9.93% | ▼ −8.44% | $15.00 (−11.30%) |
Oct 9, 2026 17d ago | 3 | $16.91 $15.23 | ▼ −9.93% | ▼ −8.44% | $15.00 (−11.30%) |
US Market Status
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