🚨 Evernorth, holding roughly 473 million XRP and backed by Ripple, SBI, and other institutions, faces a September 30, 2026 shareholder vote on its SPAC merger with Armada Acquisition Corp. II to list publicly on Nasdaq as XRPN. - The deal was restructured with share issuance terms reset to current XRP prices, plus added capital including a $30 million Korean convertible note on top of SBI's $200 million commitment, making it more resilient than prior failed digital-asset SPACs. - Beyond passive holding, Evernorth plans to actively lend and deploy XRP across the XRPL ecosystem to increase XRP per share, positioning it as an institutional vehicle for yield-generating exposure to the token.
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