Key Takeaways The transaction projects about $300 million in gross cash proceeds. All investors funding early or at closing remain participants. Closing remains subject to satisfaction or waiver of conditions. Shareholder Vote Clears Path to Nasdaq Trading Investors could soon gain exposure to an XRP-focused treasury through Evernorth shares after Armada Acquisition Corp. II shareholders approved the companies’ proposed merger. Evernorth Holdings Inc., a digital asset treasury company, and Armada II (Nasdaq: XRPN) announced the shareholder approval on Oct. 1 following the Sept. 30 vote. Armada II is a special purpose acquisition company, formed to take another business public through …
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African businesses have increasingly turned to stablecoins over the past five years to address cross-border payment delays, dollar access, and settlement costs, according to Kora …
The XRP Ripple RLUSD stablecoin has reached roughly $2.4Bn in market capitalization, with stablecoins gaining another source of dollar liquidity for digital-asset markets. In a …
