Ripple-Backed Evernorth Set for Nasdaq Debut Next Week

Ashish Birla's Evernorth Holdings is on track to start trading on Nasdaq after its merger with Armada Acquisition Corp. II was approved by shareholders.

The deal, which aims to raise over $1 billion in total, will see the combined company operate as Evernorth Holdings and trade under the ticker XRPN starting October 8th.

Evernorth says it expects to hold around 473 million XRP after closing, worth approximately $724 million at current prices.