[Evernorth Merger Reportedly Approved by Shareholders, XRP Treasury Nears Nasdaq] According to a report by Jinse Finance on October 1, citing AMBCrypto, the merger between XRP treasury company Evernorth and shell company Armada has reportedly been approved by shareholders, marking another step toward a Nasdaq listing. This result was disclosed by XRP Ledger community member Bear Champ during a shareholder meeting on September 30. However, it has not been officially confirmed nor filed with regulators. If true, it would eliminate one of the major obstacles to the transaction, though the merger still requires completion and fulfillment of Nasdaq's remaining conditions before the stock can trade under the ticker symbol XRPN. According to SEC filings, Evernorth has accumulated over 473.27 million XRP, approximately 84.37 million of which were purchased in November 2025 for $214 million. The company plans to invest in XRP-related infrastructure.