Nasdaq-listed EverNod seeks $80.7M to buy more XRP

Nasdaq-listed XRP treasury company EverNod (XRPN) has entered into a stock purchase agreement to issue $80.7 million in new shares to fund additional XRP purchases, according to CoinGape. In a filing submitted to the U.S. SEC on Oct. 23, the company said it signed the agreement with CF Principal Investment, an affiliate of Cantor Fitzgerald, and plans to issue 5.2 million XRPN Class A common shares over the coming months. The purchase price is set at 97% of the average share price during that period. EverNod said the proceeds will be used for additional XRP purchases and ecosystem-related activities.