Shareholder Approval Moves Evernorth Closer to XRP Treasury Launch

In Ripple news, Armada Acquisition Corp. II shareholders approved the SPAC’s merger with Evernorth at a September 30 meeting. The Ripple-backed XRP treasury company now expects the deal to close on October 7, with a Nasdaq debut under the ticker XRPN on October 8. Both dates remain subject to closing conditions. At closing, Evernorth expects to hold about 473 million XRP. With XRP trading near $1.54, up 2.8% on the day, that stake is worth roughly $727 million. Armada Acquisition Corp. II shareholders have approved the business combination with Evernorth. Thank you to every shareholder who voted, and to the XRP community that has followed every step. Expected next: Oct 7: ClosingOct 8: Nasdaq trading under XRPN At closing, Evernorth… pic.twitter.com/TyYEHx6suq — evernorthxrp (@evernorthxrp) October 1, 2026 Supercharge Your Trading in 2026 With BloFin AI Trading BotsRipple News: Funding and Closing Conditions The transaction is expected to generate approximately $300 million in gross cash proceeds before expenses. Evernorth’s announcement breaks that estimate into $225 million from related private placements, $30 million of incremental convertible-note financing, and approximately $...