XRP Vault Company Evernorth Plans to List on Nasdaq on October 8
The XRP ecosystem is seeing another major milestone! Evernorth’s merger with Armada Acquisition Corp. II has been approved by shareholders. The deal is expected to close on October 7, and the merged company plans to begin trading on Nasdaq on October 8 under the ticker symbol XRPN.
Of even greater interest, Evernorth expects that upon deal completion it will hold approximately 473 million XRP tokens and receive total cash proceeds of about $300 million. According to company disclosures, this would make it one of the largest publicly traded “pure XRP vault” companies.
October 8: XRPN Starts Trading
Approximately 473 million XRP tokens
Deal and related private placement financing total more than $1 billion
The XRP vault model further enters traditional capital markets
If everything goes smoothly, this means investors will have, in addition to directly holding XRP, another public-market instrument that provides XRP exposure through the U.S. stock market.
#xrp #Evernorth
#XRP金库公司Evernorth拟10月8日登陆纳斯达克
The XRP ecosystem is seeing another major milestone! Evernorth’s merger with Armada Acquisition Corp. II has been approved by shareholders. The deal is expected to close on October 7, and the merged company plans to begin trading on Nasdaq on October 8 under the ticker symbol XRPN.
Of even greater interest, Evernorth expects that upon deal completion it will hold approximately 473 million XRP tokens and receive total cash proceeds of about $300 million. According to company disclosures, this would make it one of the largest publicly traded “pure XRP vault” companies.
October 8: XRPN Starts Trading
Approximately 473 million XRP tokens
Deal and related private placement financing total more than $1 billion
The XRP vault model further enters traditional capital markets
If everything goes smoothly, this means investors will have, in addition to directly holding XRP, another public-market instrument that provides XRP exposure through the U.S. stock market.
#xrp #Evernorth
#XRP金库公司Evernorth拟10月8日登陆纳斯达克