#evernorthdelaysnasdaqdebuttooct12
🚨 Evernorth delayed its Nasdaq debut. But the date isn’t the real story. 👀
Evernorth now expects to close its Armada II deal around Oct. 9, with $XRPN.US potentially starting Nasdaq trading on Oct. 12.
Sounds bearish?
Not necessarily. 😂
Look at the numbers:
💎 473.27M XRP — expected treasury
💵 ~$300M — gross cash proceeds
📉 $2.366 → ~$1.49 — XRP price from signing to today
🎢 $53 → ~50% lower — XRPN’s extreme volatility
Here’s the paradox:
Everyone is watching the date.
But nobody knows the final share count yet.
And that number could matter far more.
Why?
Because XRP per share determines how much of the treasury each XRPN share actually represents — and whether the stock deserves a premium or discount to its underlying assets.
The bigger twist?
Oct. 12 may not be the catalyst.
The real catalyst could be the closing filing showing the final shares outstanding, redemptions, cash and liabilities.
That’s when we can finally calculate what XRPN is actually worth.
👉 Is the market trading the future Evernorth treasury — or just another ultra-low-float SPAC?
#XRP #Evernorth #XRPN
$XRP $XRPN.US
🚨 Evernorth delayed its Nasdaq debut. But the date isn’t the real story. 👀
Evernorth now expects to close its Armada II deal around Oct. 9, with $XRPN.US potentially starting Nasdaq trading on Oct. 12.
Sounds bearish?
Not necessarily. 😂
Look at the numbers:
💎 473.27M XRP — expected treasury
💵 ~$300M — gross cash proceeds
📉 $2.366 → ~$1.49 — XRP price from signing to today
🎢 $53 → ~50% lower — XRPN’s extreme volatility
Here’s the paradox:
Everyone is watching the date.
But nobody knows the final share count yet.
And that number could matter far more.
Why?
Because XRP per share determines how much of the treasury each XRPN share actually represents — and whether the stock deserves a premium or discount to its underlying assets.
The bigger twist?
Oct. 12 may not be the catalyst.
The real catalyst could be the closing filing showing the final shares outstanding, redemptions, cash and liabilities.
That’s when we can finally calculate what XRPN is actually worth.
👉 Is the market trading the future Evernorth treasury — or just another ultra-low-float SPAC?
#XRP #Evernorth #XRPN
$XRP $XRPN.US