A Ripple-backed company built around holding XRP is nearing a Nasdaq listing after federal regulators cleared the registration paperwork for its merger with a publicly traded shell company, leaving a shareholder vote as the next major hurdle.
Armada Acquisition Corp. II shareholders are scheduled to vote Sept. 30 on the proposed combination with Evernorth Holdings. If approved and the remaining closing conditions are met, the merged company expects to trade on Nasdaq under the ticker XRPN. The companies said the transaction could close shortly after the vote, according to an Evernorth announcement.
