October 1st 2026, 6:46 PM
Ripple Backed Firm to List on Stock Exchange
Key Summary
Shareholders approved Evernorth's merger with Armada Acquisition Corp. II, clearing the way for the Ripple-backed firm to begin trading Oct. 8 with a stash of roughly 473 million XRP.
Please see our real time news feed on our Home Page
Evernorth Set to Go Public
Evernorth, a company backed by Ripple, has received shareholder approval for its merger with Armada Acquisition Corp. II. This approval clears the way for Evernorth to begin trading on the stock exchange.XRP Release
As part of the deal, Evernorth will release approximately 473 million XRP to the market. This move is expected to have a significant impact on the cryptocurrency market.Details of the Merger
Evernorth and Armada Acquisition Corp. II have agreed to a merger that will see Evernorth list on the stock exchange. The exact terms of the deal have not been disclosed, but the merger is expected to provide Evernorth with the necessary funding to continue its operations.Conclusion
The approval of Evernorth's merger with Armada Acquisition Corp. II marks an important milestone for the company. With its shareholder approval in place, Evernorth is now poised to begin trading on the stock exchange and releasing its XRP holdings to the market.#XRP#Ripple#USStockExchange