Evernorth, a company holding cryptocurrency XRP, announced on the 1st that shareholders of its merger partner, the special purpose acquisition company (SPAC) Armada Acquisition Corp II (Armada), approved the business merger at an extraordinary general meeting held on September 30. The merged entity is expected to begin trading on the Nasdaq market under the ticker 'XRPN' starting October 8.
The business merger anticipates raising a total of approximately $300 million in cash, with the proceeds...
