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XRP treasury firm Evernorth delays Nasdaq debut to October 12

XRP treasury firm Evernorth has postponed its planned public debut following an administrative delay, pushing its expected Armada II merger close to Oct. 9 and its Nasdaq trading launch to Oct. 12.

Evernorth logo in white text on a blue background
Image: @cryptodotnews

Evernorth, a firm building an XRP treasury strategy, has delayed its public market launch following an administrative delay, according to reports from crypto outlet BSCN. Under the revised schedule, the company now expects to complete its business combination with Armada II on Oct. 9.[1][2][3]

Following the merger, the XRP-focused enterprise is slated to begin trading on Nasdaq under the ticker XRPN on Oct. 12. The update shifts back Evernorth's original targets, which had anticipated closing the deal on Oct. 7 and launching trading on Oct. 8. Both milestones remain subject to customary closing conditions and final Nasdaq requirements.[1][2][3]

Key facts

  • Evernorth postponed its public debut due to an administrative delay.
  • Evernorth now expects to close its merger with Armada II on Oct. 9.
  • Trading on Nasdaq under the ticker XRPN is scheduled to begin on Oct. 12.
  • The updated timeline replaces prior plans for an Oct. 7 closing and an Oct. 8 trading launch.
  • The revised dates remain subject to customary closing conditions and Nasdaq listing requirements.

Sources · 3 sources

  1. BS

    BSCN@BSCNewsPost on X ·

    XRP Treasury Firm’s Nasdaq Debut Gets Pushed Back XRP treasury firm, Evernorth, has pushed back its planned public debut following an administrative delay. The company now expects to complete its merger with Armada II on October 9. Its XRP-focused business is expected to begin Nasdaq trading under XRPN on October 12. Both dates remain subject to customary closing conditions and Nasdaq requirements. The revised schedule replaces the previous October 7 closing and October 8 trading targets.

    Open source
  2. WO

    Wendy O@CryptoWendyOPost on X ·

    UPDATE: 🚨 Evernorth, which is building an $XRP treasury strategy, now expects its merger to close Oct. 9 and $XRPN to begin trading on Nasdaq Oct. 12

    Open source
  3. CN

    crypto.news@cryptodotnewsPost on X ·

    JUST IN: XRP treasury firm Evernorth delays Nasdaq debut to Oct. 12 The XRP-focused treasury firm now expects to complete its merger with Armada II on Oct. 9, with trading under $XRPN set to begin Oct. 12, pending closing and Nasdaq requirements. https://t.co/rKv10ZRkAD

    Open source