Evernorth's Nasdaq Debut Hinges on Sept 30 Shareholder Vote

A significant week is ahead for XRP as Evernorth's planned Nasdaq debut under the XRPN ticker nears its final major hurdle. The shareholders of Armada Acquisition Corp. II will vote on September 30 on the proposed business combination, which would clear the last obstacle before Evernorth can begin trading publicly.

The company is not just a passive XRP fund but intends to hold and actively deploy the cross-border token across the ecosystem through yield strategies, infrastructure participation, and capital-markets activity. This move has been praised by some cryptocurrency commentators, who highlight the potential benefits of bringing an XRP-focused treasury company to Nasdaq.

Evernorth currently holds approximately 473 million XRP and could become one of the largest identifiable corporate holders of the asset if the merger closes. The treasury would effectively become accessible through a publicly traded US equity rather than requiring investors to purchase, custody, and manage the token themselves.