🚨 Evernorth and Armada II deal update: the debut of the XRPN ticker has been postponed
Important news for market participants and investors monitoring the integration of institutional crypto assets into the traditional financial system:
Postponement of deadlines: Closing of the business merger between the cryptocurrency treasury company Evernorth and SPAC company Armada Acquisition Corp. II was postponed until 9 October due to bureaucratic and administrative procedures.
Debut on Nasdaq: In this regard, the long-awaited start of trading of the merged company under the XRPN ticker on the Nasdaq exchange has been postponed to October 12.
Management position: Management described the delay as purely technical/administrative and assured that it does not carry fundamental risks for closing the transaction.$XRP $XRPN.US
Important news for market participants and investors monitoring the integration of institutional crypto assets into the traditional financial system:
Postponement of deadlines: Closing of the business merger between the cryptocurrency treasury company Evernorth and SPAC company Armada Acquisition Corp. II was postponed until 9 October due to bureaucratic and administrative procedures.
Debut on Nasdaq: In this regard, the long-awaited start of trading of the merged company under the XRPN ticker on the Nasdaq exchange has been postponed to October 12.
Management position: Management described the delay as purely technical/administrative and assured that it does not carry fundamental risks for closing the transaction.$XRP $XRPN.US