Evernorth Clears Shareholder Vote for Nasdaq Debut, Holding 473 Million XRP in Treasury
Evernorth has cleared a shareholder vote ahead of its planned Nasdaq listing under the ticker XRPN following a SPAC merger. The company holds approximately 473 million XRP in its treasury, valued at roughly $710 million at current prices.
Evernorth has successfully passed a shareholder vote, clearing a key procedural hurdle ahead of its anticipated debut on the Nasdaq stock exchange. The company is expected to begin trading under the ticker symbol XRPN once its SPAC merger formally closes.
At the center of Evernorth's business model is a substantial XRP treasury position, currently reported at approximately 473 million XRP. Based on prices at the time of reporting, that holding is valued at roughly $710 million, making it one of the larger publicly disclosed corporate XRP treasury positions.
The listing would give traditional equity investors indirect exposure to XRP through a Nasdaq-traded vehicle. The XRPN ticker and the scale of the treasury position are likely to draw attention from both XRP market participants and broader equity investors tracking crypto-adjacent public companies.
Key facts
- •Evernorth has cleared a shareholder vote ahead of its Nasdaq debut
- •The company will trade under the ticker XRPN after its SPAC merger closes
- •Evernorth holds approximately 473 million XRP in its treasury
- •The XRP treasury is valued at roughly $710 million at current prices