Evernorth Shareholders Approve $1B XRP Treasury Deal, Paving Way for Nasdaq Debut
Shareholders of Evernorth have approved a business combination with Armada Acquisition Corp. II, a significant step towards Evernorth's public listing on the Nasdaq. The transaction is expected to yield approximately $300 million in gross cash proceeds, with investors contributing XRP in kind.
Armada Acquisition Corp. II shareholders have approved its business combination with Evernorth, clearing a key step for the XRP treasury company to list on Nasdaq. The transaction is expected to raise about $300 million in gross cash proceeds, while investors have contributed XRP in kind.