Evernode to Change Nasdaq Listing Price to XRP Market Close
Prefer us on GoogleEvernode Holdings plans to revise its Nasdaq listing terms by changing the basis for new share issuance from 2.36 to XRP’s price at market close. This adjustment aims to align the company’s share structure with its XRP holdings. Currently, XRP is trading at around 1. A continued downtrend in XRP's price would decrease the number of shares issued while increasing the amount of XRP backing each Evernode share. Evernode intends to complete the listing review and finalize the listing process in late Q3 or early Q4. The company holds 473 million XRP and, as of the end of last month, reported approximately 39000000 dollars in unrealized losses.
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