News linked to both this project and an event.
Odaily News: XRP treasury company Evernorth plans to list on Nasdaq under the ticker XRPN. Armada Acquisition Corp. II shareholders will vote on the business combination between the two parties on September 30. If approved, it will clear the last major hurdle for Evernorth's public trading. Evernorth intends to actively deploy XRP for yield strategies, infrastructure participation, and capital markets activities. Currently, the company holds approximately 473 million XRP, making it one of the largest identifiable corporate holders. In addition, Evernorth has agreed to refinance $30 million through 4% convertible preferred PIK notes, but the funds can only be accessed upon approval of the business combination.
Odaily News: Evernorth has signed a note purchase agreement with NH Investment & Securities to issue convertible preferred PIK notes maturing in 2031 with a 4% interest rate. The transaction is contingent upon the completion of its business combination with Armada Acquisition Corp. II, Pathfinder Digital Assets, and Ripple Labs, and is expected to close in the fourth quarter; the combined new entity plans to list on Nasdaq under the ticker symbol XRPN, subject to exchange approval. Evernorth is an XRP treasury company.
As reported by CoinDesk, XRP treasury management company Evernorth has raised $30 million through the issuance of convertible bonds, with investment from South Korean institutional investor NH Investment & Securities. The financing is contingent on the successful merger of Evernorth with a SPAC, with the proceeds to be used for purchasing XRP spot prior to its NASDAQ listing. Upon completion of the merger, the company intends to list on NASDAQ under the ticker symbol "XRPN".