Evernorth, an XRP treasury company, has received SEC approval and plans to list its shares on Nasdaq on October 8 under the ticker XRPN. The transaction with Armada is expected to close on October 7, following shareholder approval. Upon closing, Evernorth expects to hold up to 473 million XRP on its balance sheet, making it the largest publicly traded XRP treasury company. The transaction is also expected to provide approximately 300 million dollars in gross cash proceeds.
Source: Read the original article
Disclaimer: this content is for information purposes only and is not financial advice. Cryptocurrencies are highly volatile: you may lose all of your capital. Always do your own research. Legal notice
