Armada Acquisition Corp. II shareholders have reportedly approved the merger with Evernorth, moving the company closer to a Nasdaq listing. The firm plans to operate as a publicly traded company with XRP as its primary asset, holding over 473.27 million XRP, including 84.37 million purchased for $214 million in November 2025. If confirmed, this approval removes one of the main hurdles to the transaction, though additional Nasdaq conditions must still be met before shares can trade under the symbol XRPN.
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