When Will the XRP Treasury Company List on Nasdaq? Shareholders Approve

Armada Acquisition Corp. II shareholders approved the Evernorth merger, completing a key milestone for the XRP treasury company’s Nasdaq listing.

According to the schedule, the merger is expected to close on October 7, with the combined company expected to begin trading on Nasdaq under the ticker XRPN on October 8. The deal is expected to generate approximately $300 million in gross cash proceeds, and Evernorth is projected to hold approximately 473 million XRP at closing, including XRP contributed by investors.

Evernorth’s XRP treasury could reach 473 million

According to BitcoinTreasuries data, Evernorth holds approximately 347 million XRP ahead of closing. The expected total of 473 million XRP at closing also includes XRP contributed by investors.

Evernorth CEO Asheesh Birla said that going public would give investors access to XRP through a regulated and transparent route. Arrington Capital, SBI Group, Ripple, Pantera Capital, Kraken, and GSR are among the company’s investors.