Evernorth Holdings, the Ripple-backed firm pursuing the largest publicly traded pure-play XRP treasury, has moved its Nasdaq listing to October 12 after an administrative issue disclosed on October 6.

The company said the delay is not expected to affect the closing of its merger with Armada Acquisition Corp. II, a point noted by BeInCrypto.

Armada Acquisition Corp. II shareholders approved the merger on September 30, and Evernorth expects to hold about 473 million XRP and roughly $300 million in gross cash proceeds at closing.