Evernorth Set to List on Nasdaq with XRP Holdings Valued at $473 Million
Evernorth, a leading XRP treasury firm, is on the verge of listing on the Nasdaq stock exchange. The company has completed the necessary steps for its major event, including securing approval from the U.S. SEC. A recent shareholder vote and the filing of additional documents with the SEC have paved the way for the listing.
The listing date is set for October 8, with the company expected to begin trading under the XRPN ticker. This move will make Evernorth the largest publicly traded XRP treasury company, holding up to 473 million XRP on its balance sheet.
The company's business combination with Armada has been approved, and the transaction is expected to close on October 7. Following the close, Evernorth will receive approximately $300 million in gross cash proceeds.