Evernorth, a Ripple-backed XRP treasury company holding ~473M XRP, approved for SPAC merger and will begin public trading Oct. 8.

Ecosystem · 2026-10-01

Evernorth, a treasury company holding approximately 473 million XRP, won shareholder approval for its merger with Armada Acquisition Corp. II on September 30 and is set to begin trading on Nasdaq on October 8 under the ticker "XRPN." The transaction and related fundraising raised over $1 billion, with the company describing itself as the largest publicly traded pure-play XRP treasury. Evernorth is backed by Ripple, Pantera Capital, Kraken, and other investors.

Previously on Telem

Evernorth raises $30M convertible notes for Ripple SPAC merger 2026-09-19
Evernorth shareholders approve $1 billion XRP treasury Nasdaq listing 2026-10-01
Evernorth shareholders vote September 30 on XRP fund Nasdaq debut 2026-09-28
Armada Acquisition Corp. II merges with Evernorth, acquires 500M XRP 2026-10-01
Brazil's CSD BR records securities on XRP Ledger 2026-10-01