Evernorth XRP Treasury Clears Shareholder Vote, Nears Nasdaq Debut

Evernorth's $1 billion XRP treasury is nearing its debut on the Nasdaq exchange after clearing a shareholder vote. The company, one of the world's largest XRP treasuries, secured a significant milestone in its merger with Armada Acquisition Corp.

The deal will bring Evernorth to the public market under the ticker XRPN, pending final approvals. To fund its treasury buys, Evernorth agreed to issue $30 million in convertible senior PIK notes, contingent on the successful closure of the SPAC deal.