[XRP Treasury Company Evernorth Holdings Plans to Issue $30 Million Convertible Notes for XRP Acquisition and Other Uses] BlockBeats News, September 18: U.S. stock-listed XRP treasury company Evernorth Holdings has filed an 8-K document with the SEC. Evernorth has signed a subscription agreement with a trust under South Korea's NH Investment & Securities to issue $30 million in convertible senior PIK notes with an annual interest rate of 4%, maturing in 2031. The effectiveness of the notes is contingent upon the completion of the merger transaction between the company and SPAC Armada Acquisition Corp. II, which is expected to be finalized in Q4 2026. The proceeds will be used to purchase XRP and participate in XRP ecosystem-related businesses. [Original Link]