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Evernorth Begins Nasdaq Trading as XRP Treasury Value Falls $443 Million

Evernorth Holdings began trading on Nasdaq Monday after going public through a merger with Armada Acquisition Corp. II. Its XRP holdings are valued $443 million below their value when the deal was signed.

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The company began trading after announcing its plan to go public last week through a merger with Armada Acquisition Corp. II. Evernorth owns roughly…