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XRP News : Armada II Shareholders Approve Evernorth XRP Treasury Deal
Nidhi is a Certified Digital Marketing Executive and Passionate crypto Journalist covering the world of alternative currencies. She shares the latest and trending news on Cryptocurrency and Blockchain.
Armada Acquisition Corp. II shareholders approved the proposed business combination with Evernorth on September 30. The deal is expected to raise about $300 million in gross cash proceeds, while investors have also contributed XRP. At closing, Evernorth is expected to hold about 473 million XRP, making it the largest publicly traded pure-play XRP treasury company. The transaction is expected to close on October 7, subject to remaining conditions. The combined company is expected to begin trading on Nasdaq under “XRPN” on October 8.
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