Odaily Planet Daily report: Evernorth, the XRP treasury company, plans to list on Nasdaq under the ticker XRPN. Shareholders of Armada Acquisition Corp. II will vote on the business combination on September 30; if approved, it will remove the final major barrier to Evernorth’s public trading. Evernorth intends to actively deploy XRP for yield strategies, infrastructure participation, and capital markets activities. The company currently holds approximately 473 million XRP, making it one of the largest identifiable corporate holders. Additionally, Evernorth has agreed to refinance $30 million through 4% convertible senior PIK notes, subject to the approval of the business combination.
Evernorth to Vote on Nasdaq Listing Merger on September 30
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Summary
Evernorth plans to list on Nasdaq under the ticker XRPN, with a shareholder vote on the merger scheduled for September 30. On-chain data shows the company holds approximately 47.3 million XRP, making it one of the largest identifiable corporate holders. On-chain analysis indicates Evernorth intends to deploy XRP for yield strategies and infrastructure. The firm also secured $30 million in refinancing through 4% convertible PIK preferred notes, though access is contingent upon merger approval.
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