Evernorth shareholders approve merger for Nasdaq listing with 473 million XRP
Image: UnchainedEvernorth's merger with Armada Acquisition Corp. II won shareholder approval, putting its 473 million XRP treasury on course for a Nasdaq listing. About 20.5 million shares voted in favor and 1.4 million against. Evernorth expects the deal to close on October 7, with trading under the ticker XRPN beginning October 8. The deal and private placements raised more than $1 billion, including about $300 million in gross cash.
Key points
- Armada Acquisition Corp. II shareholders approved the merger with Evernorth, clearing the main corporate hurdle.
- Evernorth is set to list with roughly 473 million XRP on its balance sheet.
- The deal and private placements raised more than $1 billion, including about $300 million in gross cash.
What's unclear
Neither the vote filing nor Evernorth's release says how many shareholders voted, only the share counts for and against.
Price context · XRP
At publication
$1.49
Now
$1.31
Change since
−12.08%
7 days
Sources · 2 publishers
Unchained
Tier 1
Ripple-Backed XRP Treasury Evernorth Wins Shareholder Vote, Heads to Nasdaq Next Week
Coverage timeline
- First reported by Bitcoin.com News
- Also reported by Unchained
- CryptoVideos brief published
- 2 more publishers added to sources
How this page is checked. AI drafted this brief from selected independent reports. Automated checks compare numbers, source coverage and topic terms, but may miss errors. Publication and evidence refreshes run automatically. Read the linked reports for context. Report an error
NEAR
−7.6%
