Evernorth secures new funding to boost its investments in XRP
Evernorth has obtained a funding commitment of $30 million through convertible notes from South Korea-based NH Investment & Securities, in a move that coincides with the nearing completion of its merger with Armada Acquisition Corp II
The company plans to use part of the capital to strengthen its XRP holdings as it prepares for the planned listing on the Nasdaq exchange under the ticker XRPN.
Ripple is closely connected to the company, as the disclosure filing submitted to the SEC indicates a contribution relationship and credit facilities between the parties
Armada shareholders are scheduled to vote on the merger deal on September 30, 2026, with the deal targeted to be completed in the fourth quarter of the year
Evernorth has obtained a funding commitment of $30 million through convertible notes from South Korea-based NH Investment & Securities, in a move that coincides with the nearing completion of its merger with Armada Acquisition Corp II
The company plans to use part of the capital to strengthen its XRP holdings as it prepares for the planned listing on the Nasdaq exchange under the ticker XRPN.
Ripple is closely connected to the company, as the disclosure filing submitted to the SEC indicates a contribution relationship and credit facilities between the parties
Armada shareholders are scheduled to vote on the merger deal on September 30, 2026, with the deal targeted to be completed in the fourth quarter of the year
