Evernorth Gains Shareholder Approval for XRP Treasury SPAC Merger
What happened
On September 30, 2026, Evernorth Holdings Inc. received shareholder approval for its merger with Armada Acquisition Corp. II.
The Context
- Major backing: Evernorth is supported by prominent crypto firms like Ripple and Kraken, enhancing its credibility in the market.
- Significant treasury: The merger will create a treasury of approximately 473 million XRP, making it the largest publicly traded pure-play XRP treasury.
- Market readiness: Nasdaq trading under the ticker XRPN is set to begin on October 8, 2026, following the expected closing on October 7.
The Number
— This figure represents the projected XRP holdings in Evernorth's treasury, crucial for investors seeking regulated exposure to cryptocurrency.
Takeaway
As Evernorth prepares for its Nasdaq debut, expect increased interest in regulated crypto investment vehicles.
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Evernorth clears shareholder vote ahead of Nasdaq debut with 473M XRP treasury
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