Evernorth completes merger with 473m XRP ahead of Nasdaq debut

Evernorth has completed its merger with Armada Acquisition Corp. II, holding approximately 473 million XRP and raising about $300 million in gross cash proceeds ahead of its expected Oct. 12 Nasdaq trading debut. 473 million XRP formed Evernorth’s treasury at closing, alongside approximately $300 million in gross cash proceeds. XRPN shares are expected to begin Nasdaq trading on Oct. 12 following the completed merger. Evernorth plans to deploy capital into XRP infrastructure and pursue strategies to increase XRP per share. Armada shareholders approved the transaction on Sep. 30, before an administrative delay changed the listing schedule. Evernorth announced on Oct.

Source: crypto.news