Evernorth to Vote on Business Combination on September 30, Plans Nasdaq Listing Upon Approval

Odaily News: XRP treasury company Evernorth plans to list on Nasdaq under the ticker XRPN. Armada Acquisition Corp. II shareholders will vote on the business combination between the two parties on September 30. If approved, it will clear the last major hurdle for Evernorth's public trading. Evernorth intends to actively deploy XRP for yield strategies, infrastructure participation, and capital markets activities. Currently, the company holds approximately 473 million XRP, making it one of the largest identifiable corporate holders. In addition, Evernorth has agreed to refinance $30 million through 4% convertible preferred PIK notes, but the funds can only be accessed upon approval of the business combination.