Evernorth plans XRP community campaign ahead of proposed Nasdaq debut

  • Evernorth plans an XRP community campaign before its proposed Nasdaq listing.
  • Armada shareholders are scheduled to vote on the merger Sept. 30.
  • Evernorth has a $30 million convertible-note agreement tied to merger completion.

Evernorth plans to feature XRP community members in a campaign ahead of its proposed Nasdaq listing under the ticker XRPN. The campaign includes apparel, a story released in chapters and a possible Times Square finale, with BearChamp, a boxing character created by Chicago artist JC Rivera, identified as the first community figure. Evernorth’s merger with Armada Acquisition Corp. II, a special purpose acquisition company (SPAC), remains subject to a shareholder vote scheduled for Sept. 30 and other closing conditions. The company says it intends to hold and actively manage XRP, invest in XRP-based infrastructure and increase XRP holdings per share over time. It also plans to work with XRP Ledger builders on permissioned trading venues, native escrow, on-chain lending and a regulated dollar stablecoin (token designed to track a currency). A $30 million convertible-note agreement could fund XRP purchases and other ecosystem activity if the merger closes. Founder and CEO Asheesh Birla linked the campaign to the community’s long involvement with XRP, including participation in the Securities and Exchange Commission’s case against Ripple.

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