Infrastructure
Ripple-Backed Evernorth Completes SPAC Merger, Bringing 473M XRP to Nasdaq
CoinGape·October 10, 2026·1 min read
Evernorth, backed by Ripple, completed its SPAC merger with Armada Acquisition Corp. II, bringing 473 million XRP and $300 million in gross cash proceeds to Nasdaq. The company aims to expand institutional services and infrastructure across the XRP ecosystem through this transaction.
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