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Key Takeaways
- Armada shareholders approved the proposed Evernorth business combination.
- Combined-company trading is expected to begin October 8.
- Evernorth expects roughly 473 million XRP at closing.
- XRP per share will help assess treasury growth.
The vote brings Evernorth closer to public markets
Armada Acquisition Corp. II shareholders approved the business combination on September 30 by approximately 20.5 million votes to 1.36 million, according to its October 1 SEC filing. Their approval allows the deal to proceed through Armada, a listed acquisition company formed to merge with another business and bring it into public markets.
Following the vote, Evernorth expects the transaction to close on October 7 and the combined company to begin trading on October 8, according to its Read Entire Article
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