Crypto
Evernorth's 473M XRP Treasury Clears Shareholder Vote for Nasdaq Listing
Evernorth's merger with Armada Acquisition Corp. II has been approved by shareholders, paving the way for its 473 million XRP treasury to list on Nasdaq.
The vote passed with approximately 20.5 million shares in favor and 1.4 million against, according to Armada II's filing on Thursday.
Evernorth expects the deal to close on October 7, with its shares set to start trading under the XRPN ticker the next day.
The company has raised over $1 billion through the deal and private placements, including part of that total as XRP which is valued at an average of $2.54 per token.