๐ Evernorth Adjusts XRP Share Formula Before Nasdaq Debut
๐ XRP Price Decides Share Allocation
๐ป Evernorth will now use XRP's closing price to determine how many shares private investors receive.
๐ป With XRP around $1.01, fewer shares are expected to be issued, increasing the XRP treasury value per public share.
๐ค Major Investors Back the Move
๐ป Over 95% of investors, including Ripple, SBI Group, Pantera Capital, Kraken, and Arrington Capital, approved the revised terms.
๐๏ธ Nasdaq Listing Ahead
๐ป The merger still requires SEC approval, with Evernorth targeting a Nasdaq (XRPN) debut in late Q3 or early Q4 2026. ๐
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