Evernorth Clears Hurdle in XRP Treasury Deal Ahead of Nasdaq Debut

A significant hurdle has been cleared for Evernorth's XRP treasury deal after Armada Acquisition Corp. II shareholders approved the merger on September 30.

The vote, which met a quorum of about 69% of all shares entitled to vote, clears one of the last conditions needed for the transaction to close.

With the Business Combination Proposal approved by 20,514,034 votes in favor and 1,362,081 against, Evernorth can proceed with the XRP treasury deal.

The combined company is expected to hold about 473 million XRP once the deal closes, contingent upon other conditions being met.