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🚨 NEW: RIPPLE-BACKED XRP COMPANY CLOSES DEAL TO GO PUBLIC … WITH NEVADA, NOT DELAWARE, AS ITS CORPORATE HOME.
Evernorth Holdings announced Friday that it completed its business combination with Armada Acquisition Corp. II.
The company enters public markets holding approximately 473 million XRP alongside roughly $300 million in gross cash proceeds.
Its backers include Ripple, Michael Arrington’s Arrington Capital, Pantera Capital, Kraken and SBI Group.
Evernorth’s Nasdaq trading debut is scheduled for Monday, October 12, under the ticker XRPN.
The corporate structure is notable: Evernorth was established as a Nevada corporation, and its newly completed public-company combination retains that domicile.
This is not a Delaware reincorporation or departure. It is a newly formed public company backed by prominent crypto and venture investors operating under Nevada corporate law.