XRP News : Armada II Shareholders Approve Evernorth XRP Treasury Deal

The post XRP News : Armada II Shareholders Approve Evernorth XRP Treasury Deal appeared first on Coinpedia Fintech News

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. …