Evernorth shareholders have approved its plan to become a publicly traded XRP treasury. The company and its merger partner, Armada Acquisition Corp. II, announced on October 1 that shareholders had approved the merger on September 30. The closing is expected on October 7, with the combined company's Class A shares anticipated to begin trading on Nasdaq under the ticker XRPN on October 8. However, approximately $88.5 million of the total closing-related funding sources remain conditional, and the actual funds available for XRP purchases will be further reduced after deducting fees and operating expenses. Previously, the company's total cash of approximately $300 million included a private placement that was used in November 2025 to purchase approximately $214 million worth of XRP.