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Crypto

SEC Clears Merger of Ripple-Backed Evernorth with Armada Acquisition

Guavy AI Editorial Team
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American financial and crypto news

American financial and crypto news

The U.S. Securities and Exchange Commission (SEC) has approved a merger registration statement for Evernorth, a XRP-focused bank company backed by Ripple, with special purpose acquisition company Armada Acquisition Corp. II.

This clears the way for the combined entity to list on the Nasdaq under the ticker XRPN.

Armada shareholders will vote on September 30, and if approved, trading is expected to begin in late September or early October.

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