SEC Clears Evernorth’s Nasdaq Listing, XRP Treasury Set to Debut as XRPN

Evernorth Holdings just cleared one of the last regulatory hurdles standing between it and a public listing on Nasdaq, and the deal moving it forward runs through a familiar name in the SPAC world: Armada Acquisition Corp. II. The U.S. Securities and Exchange Commission declared effective Evernorth’s Form S-4 registration statement on August 27, 2026, a procedural but consequential step that sets up a shareholder vote and, if approved, a debut for the combined company under the ticker “XRPN.”

Key takeaways

• The SEC declared effective Evernorth’s Form S-4 registration statement tied to its business combination with Armada Acquisition Corp. II on August 27, 2026.
• Armada shareholders of record as of August 20, 2026 will vote on the deal at a special meeting scheduled for September 30, 2026.
• Upon shareholder approval and successful closure of the transaction, the resulting merged entity is anticipated to achieve Nasdaq listing under the ticker “XRPN,” likely in late Q3 or early Q4 2026.
• Evernorth’s model centers on actively deploying capital into XRP-based infrastructure rather than just holding the token.
• Backers include Arrington Capital, SBI Group, Ripple, Pantera Capital, Kraken, and GSR.

SEC Approval Advances Evernorth’s Nasdaq Listing Plans

The SEC’s decision to declare the S-4 registration statement effective is the regulatory green light that lets the deal between Evernorth and Armada Acquisition Corp. II actually move to a vote. Without it, there’s no path to a shareholder meeting, no path to closing, and no path to Nasdaq.

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