Evernorth Clears Shareholder Vote Ahead of Nasdaq Debut with 473 Million XRP Treasury

Evernorth's business combination with Armada Acquisition Corp. II has cleared its last major hurdle, as shareholders approved the deal with nearly 94% support on September 30.

The approval clears the way for Evernorth to list on Nasdaq under the ticker XRPN by October 8, pending final closing and regulatory approvals.

Evernorth expects to hold approximately 473 million XRP at closing, worth around $710 million at current prices, making it the largest publicly traded pure-play treasury firm by this metric.