Evernorth plans to issue $30 million convertible senior notes, with some funds used to purchase XRP

Evernorth Holdings and NH Investment&Securities have signed an agreement to issue $30 million convertible senior notes with an annual interest rate of 4%, due in 2031. The raised funds are intended for general corporate purposes, including purchasing XRP and conducting XRP ecosystem related businesses. The issuance is subject to the completion of the business merger between Evernorth and Armada Acquisition Corp. II, and is expected to be completed in the fourth quarter of 2026. (Source: US SEC)