Evernorth’s Nasdaq debut now hinges on one Armada shareholder vote

Evernorth is one shareholder vote away from turning its XRP treasury strategy into a Nasdaq-listed company. Armada Acquisition Corp. II shareholders are scheduled to vote on the merger September 30, with trading under XRPN reported as the next step if approval clears.

• 473 million XRP held for yield, infrastructure, and capital-markets activities
• $30 million refinancing through 4% convertible preferred PIK notes available only after approval

That vote is the final major hurdle before the public-market listing can begin. The planned structure ties Evernorth’s operating capital directly to the merger closing, with the refinancing unavailable until shareholders approve it.