Evernorth set to trade on Nasdaq after SPAC merger approval

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Go back to Evernorth set to trade on Nasdaq after SPAC merger approval

Shareholders Approve Evernorth Business Combination; Transaction and Related Private Placements Have Raised Over $1 Billion; Nasdaq Trading Under "XRPN" Expected to Begin on October 8

October 1, 2026 8:00 AM EDT

Armada II shareholders approved the business combination with Evernorth at the extraordinary general meeting on September 30, 2026 Transaction expected to raise approximately $300 million in gross cash proceeds Investors have also contributed XRP in kind; at closing, Evernorth expected to become the largest publicly traded pure-play XRP treasury company, with approximately 473 million XRP Investor support for transaction unwavering; 100% of advanced and delayed funders participating Business combination expected to close October 7, 2026, with trading on Nasdaq under the ticker "XRPN" expected to begin October 8, 2026... More