Due to adjustments in the delivery date by Evernorth, XRPN's debut on NASDAQ is postponed by four days.
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Evernorth indicates that although there may be delays in administrative procedures, it is not expected to affect the delivery. The business merger between the company and Armada Acquisition Corp and II is expected to be completed on October 9th, and XRPN is anticipated to begin trading on NASDAQ on October 12th. The original plans were for delivery on October 7th and trading to commence on October 8th, respectively. The company stated that the shareholders of Armada II have approved the merger, and at the time of delivery, Evernorth is expected to hold approximately 473 million XRP.
Evernorth indicates that a delay in an administrative process has pushed back its schedule, but the company expects this not to affect delivery.
The company currently expects to complete the business merger with Armada Acquisition Corp and II on October 9th (Friday), while XRPN will begin trading on NASDAQ on October 12th (Monday).
The company stated that these two dates still need to meet the usual delivery conditions as well as the requirements for listing on NASDAQ.
The new schedule has replaced the previous plan: delivery was originally scheduled to be completed on October 7th, with trading to begin on October 8th.
The shareholders of Armada II have approved this merger. Evernorth is expected to hold approximately 473 million XRP upon completion of the delivery.
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