Evernorth's $473 Million XRP Merger Vote Approaches September 30 Deadline

On September 30, 2026, shareholders of Armada Acquisition Corp. II will vote on whether to merge with Evernorth Holdings, an XRP treasury company.

The merger would make Evernorth the largest listed XRP treasury in the world, holding around 473 million XRP and trading under the ticker XRPN on the Nasdaq.

Evernorth aims to actively manage its XRP holdings through strategies such as deploying Ripple's stablecoin RLUSD in DeFi applications.

The company is backed by a circle of investors from the XRP world, including Ripple itself, Arrington Capital, and SBI Group.

Eligible shareholders can vote on September 30 and will also have the option to redeem their shares for cash by September 28, regardless of how they vote.