XRP Healthcare Moves Toward Public Listing with AAJ Capital Merger

• XRP Healthcare plans to go public in Canada and expects to finish the deal in August 2025.

• The firm has bought Pharma Ville, the biggest pharmacy chain in Uganda, to support its growth in healthcare services across Africa.

Dubai-based private company XRP Healthcare will trade publicly backed by a TSX Venture Exchange listed capital pool company, AAJ Capital 3 Corp. On May 14, 2025, the companies signed a letter of intent to complete a reverse takeover representing AAJ’s qualifying transaction under Exchange Policy 2.4.

Once complete, AAJ will own all of XRP Healthcare and the combined operation will focus on uniting the healthcare sector across Africa through r innovations. With the purchase of Pharma Ville, XRP Healthcare has declared that it intends to expand swiftly across Africa. After completing the transaction, the company plans to list its common shares on the TSX Venture Exchange if it receives approval.

Equity Financing to Fuel Expansion and Technology Rollout

Under the agreement, AAJ and XRP Healthcare will each commit CAD $1.3 million through a private placement. Both groups intend to contribute at least $340,000 CAD to the deal, and AAJ is planning to offer CAD $160,000 in cash or investments. The collected funds that were raised will be spent on both daily company activities, meeting necessary working funds, and digital projects in healthcare.

Wellgistics Health, a provider in the pharmaceutical supply chain, said it would use XRP as a treasury asset and for payments, as CNF previously noted. This move, backed by a $50 million equity line provided by LDA Capital, builds on XRP Healthcare’s standing within the health tech sector.

Leadership, Listing, and Regulatory Pathway

Once the transaction is completed, XRP Healthcare’s executive team will manage the new firm. The board will consist of at least four members, with two of them being independent directors. After the definitive agreement is signed, the final names will be revealed no later than July 15, 2025, and the transaction should close by August 31.

Prior to finishing the deal, both companies need to perform adequate due diligence, gain approval from investors and regulators, and submit a CPC Filing Statement to the Exchange. Though sponsorship rules are present, the parties are seeking an exemption from them. 

With its latest acquisition in Uganda and expanding into other African countries, XRP Healthcare is aiming for a healthcare market that is set to be worth $259 billion by 2030. The pharmaceutical firm seeks to grow in Africa’s digital health field, as it is expected to reach $16.6 billion through AI in diagnostic systems paired with its traditional systems.

CEO Kain Roomes said that the deal with AAJ is the first step in making Klara a healthcare platform that can make an impact as it grows.

“This agreement is a strategic leap toward our vision of transforming healthcare in emerging markets. We’re building a unified, tech-enabled platform across Africa—one that delivers real-world impact, scales responsibly, and positions XRP Healthcare as a category-defining public company.” 

Over the past week, XRP was valued between $2.32 and $2.62, and it is currently trading at $2.37 with a 46.8% jump in 24-hour trading volume.