Evernorth has just cleared a major hurdle on its path to launching its XRP treasury. 👀
Shareholders of Armada Acquisition Corp II have approved the merger with the special purpose acquisition company (SPAC), paving the way for Evernorth to become a publicly listed XRP treasury company. The deal is expected to close on October 7, with trading on Nasdaq under the ticker XRPN set to begin on October 8.
Upon closing, Evernorth expects to hold around 473 million XRP and raise approximately $300 million in gross cash proceeds. This would make it the largest publicly listed company focused exclusively on an XRP treasury. With backers including Ripple, Kraken, and Pantera, it could become a major new institutional investment vehicle for XRP. 🚀
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#EvernorthXRPTreasuryCompletesSPACMerger
Shareholders of Armada Acquisition Corp II have approved the merger with the special purpose acquisition company (SPAC), paving the way for Evernorth to become a publicly listed XRP treasury company. The deal is expected to close on October 7, with trading on Nasdaq under the ticker XRPN set to begin on October 8.
Upon closing, Evernorth expects to hold around 473 million XRP and raise approximately $300 million in gross cash proceeds. This would make it the largest publicly listed company focused exclusively on an XRP treasury. With backers including Ripple, Kraken, and Pantera, it could become a major new institutional investment vehicle for XRP. 🚀
Please follow
#EvernorthXRPTreasuryCompletesSPACMerger