Evernorth Holdings Gets SEC Approval for Nasdaq Listing
The Securities and Exchange Commission has cleared Evernorth Holdings, an XRP treasury company, to proceed with its plan to list on the Nasdaq. The approval allows a potential merger with Armada, a special purpose acquisition company (SPAC), pending shareholder approval scheduled for September 30. If approved, the combined entity would trade under the ticker 'XRPN' and is expected to debut in late Q3 or early Q4 of this year. Evernorth operates as a digital asset treasury focused on XRP, raising capital to buy more tokens while deploying them through DeFi yield strategies and validator operations. The company has faced challenges due to declining XRP prices; its own purchases have lost value since October 2025. A successful listing could make Evernorth the world's largest publicly traded XRP treasury firm.
Topics: Nasdaq listing SEC approval SPAC merger XRP