Crypto
Evernorth Merger Vote Clears Path for $473M XRP Treasury Deal
The Armada Acquisition Corp. II shareholder vote to merge with Evernorth has passed, clearing the way for a potential $473M XRP treasury deal.
Evernorth plans to list on Nasdaq under the ticker XRPN and expects to launch with at least 473.27 million XRP at closing.
The company's strategy is not just to hold XRP, but to actively deploy its treasury into XRP Ledger liquidity and infrastructure to increase XRP exposure per share over time.
Evernorth has secured more than $1 billion in private-placement commitments and has partnered with Doppler Finance on institutional XRP infrastructure and with t54 on AI-powered treasury operations.