#evernorthcompletesspacmergerwitharmadaii
đ #Evernorth has completed its merger with Armada Acquisition Corp. II, securing a public-market path for its $XRP treasury.
đ° Key highlights:
473 million XRP held at closing~$300 million in gross cash proceeds, before transaction expensesOctober 12: Expected Nasdaq debut under ticker XRPNMajor backers: Ripple, SBI Group, Arrington Capital, Pantera Capital, Kraken, and GSR
đŠ The strategy goes beyond holding #xrp . Evernorth plans to deploy capital across the XRP ecosystem, including tokenized assets, onchain credit, settlement infrastructure, and institutional DeFi strategies.
đ #Evernorth has completed its merger with Armada Acquisition Corp. II, securing a public-market path for its $XRP treasury.
đ° Key highlights:
473 million XRP held at closing~$300 million in gross cash proceeds, before transaction expensesOctober 12: Expected Nasdaq debut under ticker XRPNMajor backers: Ripple, SBI Group, Arrington Capital, Pantera Capital, Kraken, and GSR
đŠ The strategy goes beyond holding #xrp . Evernorth plans to deploy capital across the XRP ecosystem, including tokenized assets, onchain credit, settlement infrastructure, and institutional DeFi strategies.