Evernorth to List on Nasdaq with 473 Million XRP Reserve

Evernorth has received shareholder approval to merge with Armada Acquisition Corp. II, with the transaction expected to close on October 7. The combined entity will trade on Nasdaq under the ticker 'XRPN' starting October 8. Upon completion, Evernorth will hold approximately 473 million XRP, valued at roughly $710 million, positioning it as a major publicly traded company with a pure-play XRP treasury. The deal is expected to generate $300 million in gross proceeds through private placements and trust funds.