[XRP Treasury Company Evernorth Plans to Issue $30 Million in Bonds, Partly for Purchasing XRP] Odaily Planet Daily News: According to the 8-K document disclosed by the U.S. SEC, XRP Treasury Company Evernorth Holdings signed a bond purchase agreement with NH Investment & Securities on September 11, intending to issue $30 million in principal amount of convertible senior notes to the investment trust it represents. The notes carry an annual interest rate of 4% and will mature in 2031. The interest on the notes will be paid in kind (PIK) and can be added to the bond principal. The funds raised are planned for general corporate purposes, including purchasing XRP and conducting XRP ecosystem-related business. The bond issuance is contingent upon Evernorth completing a business merger with the special purpose acquisition company Armada Acquisition Corp. II, which is expected to be finalized in the fourth quarter of 2026 alongside the merger transaction. The company previously stated that upon completion of the merger, it plans to list on Nasdaq under the ticker symbol XRPN.