XRP Treasury Firm Evernorth Sets Sept. 30 Vote on Nasdaq Merger Plan

Evernorth’s plan to create a publicly traded XRP-focused treasury company is moving to a shareholder vote on Sept. 30 after the U.S. Securities and Exchange Commission (SEC) declared its Form S-4 registration statement effective.

If shareholders approve the transaction and the merger with Armada Acquisition Corp. II is completed, the combined company is expected to list on Nasdaq under the ticker XRPN. 

Previously, Evernorth disclosed more than $1 billion in gross proceeds and committed capital for the proposed combination. The investors it identified include Ripple, Pantera Capital, SBI Group, and Kraken.

Source: Evernorth Holdings Inc.