BSCN(@BSCNews):XRP Price Drop Forces Evernorth To Rewrite Its $1B Nasdaq Deal Crypto treasury firm, Evernorth Holdings, is changing the terms of its planned Nasdaq listing because $XRP trades far below expectations. The original deal assumed XRP at $2.36, while the token now trades around $1. Under the revised structure, the share count will depend on XRP’s VWAP at closing. Shares remain priced at $10, while each share will represent more XRP. Evernorth currently controls 473.27 million XRP worth roughly $473 million at current prices. More than 95% of committed investors have approved the revised transaction terms.

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2026.08.14 05:54

XRP Price Drop Forces Evernorth To Rewrite Its $1B Nasdaq Deal Crypto treasury firm, Evernorth Holdings, is changing the terms of its planned Nasdaq listing because $XRP trades far below expectations. The original deal assumed XRP at $2.36, while the token now trades around $1. Under the revised structure, the share count will depend on XRP’s VWAP at closing. Shares remain priced at $10, while each share will represent more XRP. Evernorth currently controls 473.27 million XRP worth roughly $473 million at current prices. More than 95% of committed investors have approved the revised transaction terms.