Evernorth перенесла дебют XRP-казначейства на Nasdaq на 12 октября

Evernorth Holdings, the Ripple-backed company building the largest publicly traded pure-play XRP treasury, delayed its expected Nasdaq debut because of an administrative issue disclosed on October 6.

The new date is now October 12, and XRP’s price barely reacted to this news.

Evernorth is going public on Nasdaq through a merger with Armada Acquisition Corp. II, under the ticker XRPN.

The original plan targeted a close on October 7 and a debut on October 8.

Due to an administrative delay that is not expected to affect the closing, we now expect to close on Friday, October 9th, with XRPN expected to start trading on Nasdaq on Monday, October 12th, in each case subject to customary closing conditions and Nasdaq listing requirements.…

Evernorth said the delay is purely administrative and “not expected to affect the closing.”

The company has revised its merger and Nasdaq trading timetable while maintaining that the setback should not affect completion.

Armada II shareholders already approved the merger on September 30.

At closing, Evernorth expects to hold about 473 million XRP, plus roughly $300 million in gross cash proceeds.

At closing, Evernorth expects to hold about 473 million XRP, plus roughly $300 million in gross cash proceeds.

That would make it the largest publicly traded pure-play XRP treasury company.

XRP price fell nearly 2% today, largely driven by a liquidity flush that affected the whole market.

In other words, the XRP backing the company already exists, so the listing creates no new demand for the token.

XRP ETFs recently recorded 12 straight weeks of inflow.