Evernorth Closes in on Nasdaq Listing with SEC Greenlight

Evernorth Holdings has cleared a significant regulatory hurdle on its path to listing on the Nasdaq under the ticker XRPN. The SEC declared the company's S-4 registration statement effective, which is a required step for the listing. However, this does not mean that XRPN shares are trading yet or that the deal has closed.

The completion of the business combination with Armada II remains subject to the shareholder vote on September 30, 2026, and other customary closing conditions. Despite this, Evernorth has already raised over $1 billion from prominent crypto investors including Ripple, Pantera Capital, and Kraken.