[Evernorth, an XRP Treasury Company, Secures $30 Million in Financing] According to a report by CryptoPotato on September 21, Gold Finance reported that Evernorth, an XRP treasury company, filed documents with the SEC indicating that the company plans to raise $30 million through 4% convertible senior PIK notes due in 2031, rather than issuing common stock. On September 11, the company signed a note purchase agreement with NH Investment & Securities, which acts as the trustee for Kyobo AIM Corporate Finance General Private Investment Trust No.3. The key point is that the issuance of the notes is contingent upon the completion of the business merger between the company and Armada Acquisition Corp. II, Pathfinder Digital Assets, and Ripple Labs. The two transactions are expected to be completed simultaneously, and whether the $30 million will be received depends on the success of the merger. The company's S-4 registration statement became effective on August 27, and the merger is expected to be completed in the fourth quarter, with Armada II shareholders voting on the proposal. Upon completion, the new entity plans to list on Nasdaq under the ticker code XRPN, pending approval from the exchange.