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Crypto
Evernose, major XRP holder, nears Nasdaq listing under ticker XRPN
Evernose Holdings, a treasury company with large XRP holdings, has entered final approval steps for a Nasdaq listing through a merger with SPAC Armada Acquisition Corp II. The combined company is expected to trade under the ticker XRPN and hold about 473 million XRP provided directly by Ripple. It has secured investment commitments of more than $1 billion from institutional investors. The deal’s closing timing is presented as the fourth quarter of 2026.
Crypto
Ripple-backed Evernos faces Sept 30 merger vote, opening path to Nasdaq listing
Evrnos Holdings is nearing the launch of what it calls the first listed company to put an XRP treasury strategy at the forefront. If shareholders approve a merger with Armada Acquisition Corp II in a vote scheduled for Sept. 30, the company is expected to complete the Nasdaq listing process. Evernos expects to hold at least 473 million XRP at listing and trade under the symbol XRPN.
Crypto
Evernode reworks Nasdaq listing terms as XRP nears $1
Evernode Holdings, a crypto treasury company backed by Ripple, has revised the terms of a Nasdaq listing worth more than $1 billion to reflect XRP\'s price decline, U.Today reported. The firm redesigned its SPAC merger structure to link valuation to XRP\'s volume-weighted average price at closing rather than a fixed assumption. It will keep a $10 share issue price but reduce shares issued and increase XRP backing per share. Investors and partners approved the changes.
