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Evernorth Holdings (Nasdaq: XRPN) has agreed an equity facility of about $80 million with a Cantor Fitzgerald affiliate, with proceeds that may go toward buying XRP.

Evernorth (XRPN) has started trading on Nasdaq after merging with Armada Acquisition Corp. II, entering public markets with about 473 million XRP and roughly $300 million in gross proceeds.

Evernorth, a treasury company for @Ripple's native token XRP, began trading on Nasdaq as $XRPN with about 473 million $XRP. Here is what the listing means for investors.