Evernorth will be listed on the Nasdaq on October 8 under the ticker XRPN following the merger approved on September 30 with SPAC Armada Acquisition Corp. II. The company will hold approximately 473 million XRP at closing, representing nearly 710 million dollars at the current price of 1.50 dollars. The operation raised over one billion dollars in total, including approximately 300 million in cash and the rest in tokens contributed by investors. Ripple, Pantera Capital, Kraken, SBI Group, GSR and Arrington Capital are among the supporters of this company founded by Asheesh Birla. Its shares will directly follow XRP fluctuations as the company has no diversification.
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