@crypto.trappin: 🚨 A MAJOR DEVELOPMENT FOR XRP: EVERNORTH’S MERGER HAS BEEN APPROVED! On September 30, Armada Acquisition Corp. II shareholders approved the proposed business combination with Ripple-backed Evernorth Holdings, advancing plans to create a publicly traded XRP treasury company on Nasdaq under the ticker XRPN. 💰 Here’s what you need to know: 🔹 Approximately 473 million XRP expected at closing 🔹 More than $1 billion in transaction and related private-placement commitments 🔹 Ripple and SBI Group among the participating investors 🔹 Expected transaction closing: October 7, 2026 🔹 Expected Nasdaq trading: October 8, 2026, subject to remaining conditions Evernorth’s strategy goes beyond simply holding XRP. The company intends to actively manage its treasury and participate in the XRP ecosystem, with the stated goal of increasing XRP exposure per share. With institutional investment vehicles entering the XRP market, the question now is how this development could affect the broader ecosystem. 🎥 Watch Asheesh Birla explain the vision and institutional opportunity. 👇 Is this a significant milestone for XRP’s institutional adoption? Share your thoughts below! #XRP #Evernorth #Ripple #XRPN #CryptoNews News and company projections are current as of October 2, 2026. The merger has received shareholder approval but has not yet closed. This is not financial advice.

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Friday 02 October 2026 08:52:42 GMT