Armada Acquisition Corp. II shareholders approved the proposed business combination with Evernorth at a September 30, 2026 extraordinary meeting, clearing a major hurdle for the planned public listing. The deal is expected to close on October 7, with Nasdaq trading under XRPN expected to begin on October 8, pending satisfaction or waiver of remaining closing conditions. At closing, Evernorth expects to hold approximately 473 million XRP, making it the largest publicly traded pure-play XRP treasury company if the transaction completes. Named investors include Arrington Capital, SBI Group, Ripple, Pantera Capital, Kraken, and GSR. The approximately 300 million dollar figure refers to gross cash proceeds before transaction expenses.
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