CryptoMedium•9 October 2026•
1 min read
Evernorth Completes SPAC Merger with 473 Million XRP Treasury
Key Facts
1Ripple-backed Evernorth completed its merger with a Special Purpose Acquisition Company (SPAC).
2The merged entity holds a treasury of 473 million XRP tokens and $300 million in cash.
3Trading is expected to begin on Nasdaq this Monday under the ticker symbol XRPN.
Ripple-backed Evernorth completed its merger with a Special Purpose Acquisition Company (SPAC). Reuters reported that the merged entity holds a treasury of 473 million XRP tokens and $300 million in cash. Trading of the company's shares is expected to begin on Nasdaq this Monday under the ticker symbol XRPN.
The transition to a public entity provides Evernorth with a global listing platform while strengthening its operational liquidity. NDAQ, the operator of the Nasdaq exchange, closed at $92.37 on October 8, 2026, having reached a day high of $92.69 and a low of $91.1 during that session.