Shareholders of Armada Acquisition Corp. II, a blank-check company, have approved its planned business combination with Evernorth. Once the merger closes, Evernorth will be a publicly traded company that holds XRP as its treasury asset. Cointelegraph reported the vote on Oct. 1, 2026.
Evernorth holds 473 million XRP. The report put that holding at roughly $710 million at current prices. The same page listed XRP at $1.49.
After the merger closes, Evernorth expects its shares to trade on Nasdaq under the ticker XRPN. The deal is expected to close in October, but the exact day is not in the text available to us. No trading date has been confirmed.
If you already hold a perpetual position, nothing changes for you directly. The story covers a shareholder vote and a planned stock listing. It says nothing about funding rates, trading fees or perpetual market liquidity on Bitget, Bybit, MEXC or OKX. Any effect on XRP perpetuals would have to show up in the measured data, and the story contains none.
Source: cointelegraph — Evernorth clears shareholder vote ahead of Nasdaq debut with 473M XRP treasury
Price today: XRP