Evernorth shareholders approve $1 billion XRP treasury deal, clearing path to Nasdaq debut
60-second summary
Evernorth shareholders approve a $1 billion XRP treasury deal, clearing the way for the company’s Nasdaq debut; the merger with Armada Acquisition Corp. II gains shareholder consent, and the newly formed XRP treasury entity anticipates holding roughly 473 million XRP, a sizable reserve that could boost market liquidity, attract institutional interest, and potentially lift XRP’s price trajectory.
Armada Acquisition Corp. II shareholders approved the Evernorth merger. The XRP treasury company expects to hold ~473M XRP.