Ripple-backed Evernorth Moves Closer to Nasdaq Listing via SPAC
Evernorth Holdings, an XRP treasury company backed by Ripple and other major investors, is advancing toward a Nasdaq listing through its merger with the special purpose acquisition company (SPAC) Armada Acquisition Corp. II (AACI). The U.S. Securities and Exchange Commission has cleared Evernorth’s registration statement, paving the way for a shareholder vote on September 30. If approved, the combined entity is expected to list under the ticker “XRPN” in late Q3 or early Q4 of next year. Evernorth aims to provide investors with liquid and transparent exposure to XRP through its publicly traded vehicle. The company was founded by former Ripple executive Asheesh Birla, who emphasized that this milestone brings them closer to their vision of offering a well-governed XRP treasury in the public markets.
Topics: Evernorth Holdings Nasdaq listing Ripple SPAC XRP