Evernorth will merge with a SPAC to list on NASDAQ under ticker XRPN, aiming to raise over $1 billion to acquire XRP.
"A Ripplebacked company called Evernorth is in the process of merging with a spa to list on the NASDAQ under the ticker XRPN. Their stated goal, well, it's to raise over $1 billion for the sole purpose of accumulating XRP in the open market."