#EvernorthXRPTreasuryCompletesSPACMerger Evernorth is taking $XRP treasury strategy to the public market. 🚨
Evernorth shareholders have approved its SPAC merger with Armada Acquisition Corp. II, clearing a major step toward its Nasdaq debut.
At closing, Evernorth expects to hold ~473 million $XRP , while the transaction is expected to raise about $300 million in gross cash proceeds. The company is targeting October 7 for closing, with Nasdaq trading under $XRPN expected to begin October 8. �
PR Newswire +1
📊 KEY DATA
~473M $XRP expected at closing
~$300M gross cash proceeds
~$1B+ raised through the broader transaction
XRP: around $1.51 today �
PR Newswire +1
🔎 WHY IT MATTERS
This could give public-market investors another regulated way to gain exposure to XRP through a corporate treasury.
👀 WHAT TO WATCH
The Oct. 7 closing and Oct. 8 XRPN debut are the next major catalysts.
Could Evernorth become a major driver of institutional XRP adoption?
#XRP’ #Evernorth #CryptoPatience #XRPnews
Evernorth shareholders have approved its SPAC merger with Armada Acquisition Corp. II, clearing a major step toward its Nasdaq debut.
At closing, Evernorth expects to hold ~473 million $XRP , while the transaction is expected to raise about $300 million in gross cash proceeds. The company is targeting October 7 for closing, with Nasdaq trading under $XRPN expected to begin October 8. �
PR Newswire +1
📊 KEY DATA
~473M $XRP expected at closing
~$300M gross cash proceeds
~$1B+ raised through the broader transaction
XRP: around $1.51 today �
PR Newswire +1
🔎 WHY IT MATTERS
This could give public-market investors another regulated way to gain exposure to XRP through a corporate treasury.
👀 WHAT TO WATCH
The Oct. 7 closing and Oct. 8 XRPN debut are the next major catalysts.
Could Evernorth become a major driver of institutional XRP adoption?
#XRP’ #Evernorth #CryptoPatience #XRPnews
