Evernorth Clears Nasdaq Vote, Paving Way for Massive XRP Listing
Evernorth has cleared a key vote and is on track to list its massive XRP treasury on the Nasdaq. The company's merger with Armada Acquisition Corp. II won shareholder approval, paving the way for the listing of its 473 million XRP holdings under the ticker XRPN.
The deal will close on October 7, with trading set to begin the next day. Evernorth has raised over $1 billion through its deal and private placements, including a significant amount spent on XRP in late 2025 at an average price of $2.54 per token.
RippleWorks supplied the largest block of XRP to Evernorth's treasury, investing 211.3 million tokens into the SPAC's sponsor, Arrington XRP Capital Fund. The fund will exchange those tokens for Evernorth shares at closing and has agreed to vote them as RippleWorks directs.