Evernorth Clears Hurdle for Nasdaq Listing

The Securities and Exchange Commission (SEC) has declared Evernorth's registration statement effective, paving the way for its business combination with Armada Acquisition Corp. II to be completed.

As a result of the SEC's declaration, Armada Acquisition Corp. II will hold an extraordinary general meeting on September 30, 2026, where shareholders will vote on the proposed business combination.

The completion of the deal remains subject to the shareholder vote and customary closing conditions.

Evernorth, a digital asset treasury company, is expected to list on the Nasdaq under the ticker symbol 'XRPN' once the merger is complete.