Evernorth's $1 billion XRP treasury deal advances toward a Nasdaq listing. The SEC declared the Form S-4 registration statement for the merger with Armada Acquisition Corp. II effective, with a shareholder vote set for September 30. If approved, the combined company will list on Nasdaq under ticker XRPN. Evernorth secured over $1 billion in gross proceeds and committed capital from investors including Ripple, SBI Group, Pantera Capital, and Kraken.
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August 29, 2026 45
