Evernorth Clears Nasdaq Debut Hurdle with Shareholder Vote

Evernorth's plan to list on Nasdaq has taken its final major step as shareholders of Armada Acquisition Corp. II approved their proposed business combination.

The vote clears the last hurdle before the deal's expected close on October 7, with shares set to begin trading under the ticker XRPN the following day, subject to remaining closing conditions.

Evernorth expects to hold roughly 473 million XRP at closing, which it says would make it the largest publicly traded pure-play XRP treasury company.