# Evernorth Sets Oct. 8 Nasdaq Debut After Merger Vote

By John Kim

Canonical URL: https://www.tokenpost.com/news/business/26441
Published: 2026-10-02T16:10:41.000Z
Updated: 2026-10-02T16:10:41.000Z
Section: Business

> The planned Oct. 7 closing would leave the company with at least 473,276,430 XRP, including tokens contributed by investors.

Evernorth expects its Class A shares to begin trading on Nasdaq under XRPN on Oct. 8, following a planned Oct. 7 merger closing that would take its XRP treasury strategy to public markets.

Armada Acquisition Corp. II shareholders approved the business combination Sept. 30. The closing and start of trading remain subject to outstanding conditions.

Before expenses, the merger is expected to bring Evernorth roughly $300 million in cash. Approximate components include $225 million from private placements, $30 million in convertible notes and about $48 million from Armada’s trust, totaling about $303 million.

Evernorth also expects to hold at least 473,276,430 XRP at closing, including XRP contributed by investors. The company describes its planned business as an actively managed digital asset treasury, with strategies that include yield generation, participation in the XRP ecosystem and capital markets activity aimed at increasing XRP held per share over time.

The Sept. 30 shareholder approval advances the proposed combination of Evernorth and Armada. The transaction is expected to close Oct. 7, with XRPN trading planned for the following day.