Ripple-Backed XRP Treasury Evernorth Wins Shareholder Vote, Heads to Nasdaq Next Week

Key points

• Armada Acquisition Corp. II shareholders approved the merger with Ripple-backed XRP treasury Evernorth, with about 20.5 million shares in favor and roughly 1.4 million against, per the SEC filing.
• The companies expect to close on Oct. 7 and begin Nasdaq trading Oct. 8 as Evernorth Holdings, using Armada II's XRPN ticker.
• Evernorth says the deal and private placements raised over $1 billion, with roughly $300 million cash at closing and about 473 million XRP held.

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