Evernorth Puts off XRPN Nasdaq Launch Until October 12

Evernorth has announced a four-day delay in its Nasdaq debut for the ticker XRPN. The company cited an administrative delay, which it does not expect to impact the final closing of the deal. The revised timeline now targets Friday, October 9, for the business combination with Armada Acquisition Corp. II, with trading set to begin on Monday, October 12. The original plan had aimed for October 7 and October 8, respectively.

Armada II shareholders have already approved the merger. Upon closing, Evernorth is expected to hold approximately 473 million XRP tokens. The new schedule remains subject to customary closing conditions and Nasdaq listing requirements.