$30 Million Funding for Evernorth Hinges on XRP Merger Completion

Evernorth, an XRP-focused treasury company, has secured $30 million in funding through convertible senior notes tied to the closing of its business combination with Armada Acquisition Corp. II.

The deal is contingent on the completion of the merger and the issuance of the notes, which will be used for general corporate purposes.

Evernorth expects the merger to close in Q4, pending shareholder approval and other customary conditions.