Evernorth Holdings Moves Closer to Nasdaq Listing with SEC Clearance
Evernorth Holdings, an XRP treasury company backed by Ripple and other major investors, has received clearance from the U.S. Securities and Exchange Commission (SEC) for its registration statement. This paves the way for a merger with SPAC Armada Acquisition Corp. II (AACI), which will allow Evernorth to list on Nasdaq through ticker symbol XRPN. The company aims to provide investors liquid, transparent exposure to XRP via this publicly traded vehicle. The deal is expected to close in late Q3 or early Q4 2026 after a shareholder vote scheduled for September 30. Ripple CEO Brad Garlinghouse serves as an advisor at Evernorth. At the time of reporting, XRP was trading at $1.37.
Topics: Evernorth Holdings Nasdaq listing Ripple SPAC merger XRP