Evernorth XRP Treasury Clears Hurdle Ahead of Planned Public Listing

Evernorth's XRP treasury has cleared a major hurdle after Armada Acquisition Corp. II shareholders approved the proposed business combination at an extraordinary meeting on September 30, 2026.

The move clears one of the central transaction conditions for the planned public listing and brings the combined company closer to trading on Nasdaq under the ticker XRPN on October 8.

At closing, Evernorth expects to hold approximately 473 million XRP, making it the largest publicly traded pure-play XRP treasury company, at least until then. The gross cash proceeds from the deal are around $300 million before transaction expenses.

The business combination remains subject to satisfaction or waiver of its remaining closing conditions, including the completion of financing and meeting Nasdaq listing standards.