Evernorth shareholders approve $1 billion XRP treasury deal, enabling Nasdaq listing.
Regulation & Gov ·
Evernorth shareholders have approved a $1 billion XRP treasury arrangement, clearing regulatory and shareholder hurdles ahead of the firm's planned Nasdaq listing. The approval follows a merger with Armada, which also secured shareholder consent. Evernorth currently holds approximately 347 million XRP tokens, with additional in-kind contributions expected upon closing.
The deal structures the company as an XRP-focused treasury vehicle positioned for public market access. The shareholder votes represent a procedural checkpoint required before the transaction can advance to its next phase, with closing contingent on the announced in-kind contributions materializing.
Key timing and final conditions remain unspecified in available reports. The exact closing date, regulatory approvals still needed, and the composition or source of the anticipated in-kind contributions have not yet been disclosed. Market impact and trading details under a Nasdaq ticker are also pending execution.