Evernorth just spilled the tea on their latest SEC filing and it’s all about that $30 million haul coming straight from convertible senior notes locked in with the Armada Acquisition Corp. II combo closing fr.
The Deal Hinges on That Nasdaq Glow Up 🌑
They inked a note purchase deal back on September 11 with NH Investment & Securities as trustee for Kyobo AIM Corporate Finance General Private Investment Trust No. 3 and the whole thing is conditional on the Nasdaq listing actually happening 🖤.
This isn’t some regular share dump either it’s 4% Convertible senior PIK Notes due 2031 so interest gets paid in more notes instead of straight cash which feels kinda sneaky but smart rn 🔮.
The funds stay on ice until the business combo with Armada II Pathfinder Digital Assets and Ripple Labs wraps up and they’re eyeing a Q4 finish 💀.
Ever north’s Whole XRP Empire Vibes ✨
Once everything clears the new entity hunts that Nasdaq ticket under XRPN and they already got the S-4 greenlit on August 27 so shareholder votes are the next spooky hurdle 🕸️.
Their whole plan is to stack XRP as the main treasury asset and they already pulled in over $1 billion from big names like Ripple SBI Pantera Kraken plus Arrington Capital 🦇.
If this lands it’s game on for public XRP exposure but the catch is everything rides on that final combo close lol 🩸.
Just another echo from the void by iconofsin.eth 💖
