Evernorth prepares for its Nasdaq listing under ticker XRPN, bolstered by a $710 million XRP treasury as it finalizes its SPAC merger.
Evernorth has successfully cleared the necessary shareholder vote to proceed with its SPAC merger. Following the completion of this transaction, the company is scheduled to commence trading on the Nasdaq exchange under the ticker symbol XRPN.
Trading is expected to begin on the Nasdaq following the official closing of the SPAC merger.
Evernorth maintains a significant treasury position in XRP, currently valued at approximately $710 million. This substantial holding serves as a key indicator of institutional-grade exposure to the asset within the company's balance sheet.
The XRP treasury is valued at approximately $710 million based on current market prices.
Evernorth confirms its upcoming Nasdaq debut under the ticker XRPN following the successful conclusion of its SPAC merger. The firm enters the public markets backed by a significant institutional treasury holding 473 million XRP tokens, currently valued at approximately $710 million.
Evernorth will trade under the ticker symbol XRPN.
Evernorth holds 473 million XRP tokens, which are valued at approximately $710 million at current market prices.