Armada Acquisition Corp. II shareholders approved a merger that would take Evernorth public as an XRP treasury company. The deal is expected to close on Oct. 7, with the combined company expected to begin Nasdaq trading under XRPN the following day, subject to remaining closing conditions. Evernorth expects to hold about 473 million XRP at closing, worth roughly $710 million at the price reported at publication. The transaction is expected to raise about $300 million in gross cash proceeds.