Evernorth Amends Nasdaq Listing Terms to Reflect Current XRP Value
Evernorth Holdings has revised its Nasdaq listing terms to better reflect the value of its XRP treasury. The company will replace the previous $2.36 XRP reference price with the volume-weighted average price of XRP closer to the deal's closing date. This change is expected to reduce the number of shares issued, giving each share a larger portion of Evernorth's XRP holdings.
The amended terms are in response to concerns that the previous pricing may have been outdated or inaccurate. According to the source, investors representing more than 95% of committed capital have agreed to the revised terms.
The Nasdaq listing is still expected to take place in late Q3 or early Q4 2026. This development is likely to be closely watched by cryptocurrency and blockchain enthusiasts alike.