Evernorth shareholders approve merger for Nasdaq listing with 473 million XRP
Image: U.TodayEvernorth'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.
Why it matters
The listing would give public-market investors exposure to XRP through a company holding about 473 million tokens. Evernorth says its strategy is to put those tokens to work across the XRP Ledger ecosystem.
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
$1.50
Change since
+0.67%
7 days · dashed line = publication
Sources · 3 publishers
CryptoPotato
Tier 2
XRP Is Coming to Nasdaq: Evernorth Clears Key Vote With 473M Treasury
U.Today
Tier 2
XRP Holders, Mark Your Calendars for October 8: Nasdaq Listing Is Coming for Ripple-Backed Treasury
Coverage timeline
- First reported by The Block
- Confirmed by CryptoPotato
- CryptoVideos brief published
How this brief was made. Our system found this event in 3 independent publications, summarised two complete reports with AI and checked every number above against the source text. Sources are linked in full. Not financial advice. Report an error
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