Evernorth Grants Executives Millions in Shares Ahead of Nasdaq Listing

Evernorth has granted millions of dollars' worth of shares to its executives ahead of its listing on Nasdaq.

The company plans to merge with Armada Acquisition Corp. II and trade under the ticker code XRPN.

In its XRP fund, which held 473 million XRP ($1.07 billion) at the end of July, the reserves value for XRP had decreased to $640 million by that time.

Ripple, SBI Holdings, Pantera Capital, and Kraken are all supporting this project.