Evernorth Gets SEC Green Light, Set to List XRPN on Nasdaq via $1 Billion SPAC Merger.
Evernorth Holdings has received SEC approval for its Form S-4, paving the way for a merger with Armada Acquisition Corp. II and a Nasdaq listing under the ticker XRPN. The merger is expected to raise over $1 billion, positioning Evernorth as the largest public XRP treasury vehicle with at least 473 million XRP. The company plans to actively manage its XRP assets through lending and yield-generating strategies, rather than passively holding them. A shareholder vote on September 30 will determine the finalization of the merger, with completion targeted for late Q3 or early Q4 2026. $XRP
Evernorth Holdings has received SEC approval for its Form S-4, paving the way for a merger with Armada Acquisition Corp. II and a Nasdaq listing under the ticker XRPN. The merger is expected to raise over $1 billion, positioning Evernorth as the largest public XRP treasury vehicle with at least 473 million XRP. The company plans to actively manage its XRP assets through lending and yield-generating strategies, rather than passively holding them. A shareholder vote on September 30 will determine the finalization of the merger, with completion targeted for late Q3 or early Q4 2026. $XRP