$672 Million XRP Treasury Firm Is One Final Vote Away From Nasdaq
The SEC declared Evernorth's S-4 registration effective on August 27, clearing the final regulatory hurdle before its planned Nasdaq listing under the ticker XRPN.
The XRP treasury company, backed by Ripple, Kraken, and Pantera Capital, now moves toward a decisive shareholder vote scheduled for September 30.
A Decisive Vote Set for September 30
Evernorth plans to go public through a merger with Armada Acquisition Corp. II, a SPAC formed in October 2024 and sponsored by Arrington XRP Capital.
Its S-4 form lists the securities involved in the deal and provides shareholders with the information they need before voting, covering up to 34,499,992 Class A common shares and 11,499,992 warrants.
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