Evernorth Clears SEC Filing Milestone Ahead of XRPN Nasdaq Vote

• The SEC declared Evernorth’s Form S-4 registration statement effective on Aug. 27.
• Armada Acquisition Corp. II shareholders will vote on the transaction Sept. 30.
• The combined company expects to trade on Nasdaq under the ticker XRPN if the deal closes.
• Evernorth plans to actively deploy its XRP treasury rather than simply hold the token.

Evernorth has cleared one of the final regulatory steps toward bringing an XRP-focused digital asset treasury to U.S. public markets. The SEC declared its Form S-4 registration statement effective on Aug. 27, allowing Armada Acquisition Corp. II to move ahead with a Sept. 30 shareholder vote on the proposed business combination. If approved and subsequently completed, the combined company expects to list on Nasdaq under the ticker XRPN.

The milestone is important for more than the listing itself. Evernorth is attempting to build a public-market vehicle whose performance is tied not only to the amount of XRP it owns, but also to whether management can increase XRP per share through active treasury deployment.

… Continue reading the full article at the original source below.