XRP treasury firm Evernorth has completed its merger with a special purpose acquisition company (SPAC) and will list on the Nasdaq on October 12, holding 473 million XRP.

XRP treasury firm Evernorth Holdings announced it has completed its business combination with special purpose acquisition company (SPAC) Armada Acquisition Corp. II, and will begin trading on the Nasdaq under the ticker symbol XRPN on October 12. Following the deal close, Evernorth holds approximately 473 million XRP tokens and has secured total gross cash proceeds of around $300 million, before deducting transaction fees. Evernorth is backed by investors including Arrington XRP Capital, as well

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