XRP Treasury Firm Evernorth Secures $30M as Ripple Deal Nears

XRP treasury firm Evernorth Holdings secured a $30 million convertible-note commitment from South Korea's NH Investment & Securities. The financing supports its planned SPAC merger with Armada Acquisition Corp. II, providing capital for XRP purchases ahead of a Nasdaq listing under a new ticker. The deal strengthens Evernorth's position as it prepares to go public.