XRP investor Evernode to tie Nasdaq listing price to XRP market close

Evernode Holdings, an XRP accumulation company listed as DAT, plans to revise the terms of its upcoming Nasdaq listing by changing the basis for new share issuance from $2.36 to XRP’s price at the market close, according to The Crypto Basic. The move is intended to align the company’s share structure with the value of its XRP holdings. With XRP currently trading at around $1, a continued downtrend would reduce the number of shares issued while increasing the amount of XRP backing each Evernode share. Evernode plans to complete the listing review and finish the listing process in late Q3 or early Q4. Separately, the company is said to hold 473 million XRP and, as of the end of last month, was carrying about $39 million in unrealized losses.