Evernorth and Armada Merger Approved, Set for Nasdaq Listing as XRPN

Shareholders of Armada Acquisition Corp. II have approved the business merger with XRP treasury company Evernorth, clearing the way for a Nasdaq listing. The deal is expected to raise approximately 300 million dollars in cash, with investors also contributing XRP in-kind. Upon completion, Evernorth is expected to hold about 473 million XRP. The transaction is slated to close on October 7, with the merged entity expected to begin trading under the ticker XRPN on October 8.