XRP treasury firm Evernode files resale registration as shares slide after Nasdaq debut

Evernode (XRPN), an XRP accumulation firm also known by the DAT ticker, has registered investor-held shares for potential resale even as its stock has fallen more than 40% since its Nasdaq listing, CryptoSlate reported. The filing means the shares were registered so they can be sold, but the registration itself does not mean a sale will occur. According to an S-1 filed with the U.S. SEC on Oct. 30, local time, the resale registration covers holdings tied to Arlington XRP Capital, Ripple Labs, SBI affiliates and Ripple co-founder Chris Larsen. However, a large portion of those shares remains subject to lock-up restrictions through April next year. Evernode said the registration reflects a contractual obligation rather than a decision to sell. The company listed on Nasdaq on Oct. 12, local time, and the stock closed at $10.59 on Nov. 4, local time, down more than 40% from its intraday high on the first trading day.