Evernorth shareholders approve $1B XRP treasury deal, clearing path to Nasdaq
XRP $1.49▼ −2.39% 24has of Oct 3, 2026, 2:50 AM ET
Shareholders of Armada Acquisition Corp. II approved the business combination with Evernorth, an XRP treasury company expected to start trading on Nasdaq as XRPN on Oct. 8.
Evernorth holds about 347 million XRP today and expects roughly 473 million at closing.
The deal is expected to bring about $300 million in gross cash proceeds.
XRP finished the third quarter more than 40% higher and now trades near $1.49.