PANews, October 10 — According to The Block, Evernorth, an XRP treasury company backed by Ripple, has completed its business combination with SPAC Armada Acquisition Corp. II, bringing approximately 473 million XRP and $300 million in total cash proceeds into the public market. The company is expected to begin trading on Nasdaq under the ticker XRPN starting next Monday. An 8-K filing submitted by Evernorth to the U.S. SEC shows that the merger closed on October 9, U.S. Eastern Time.