Evernorth XRP Treasury Clearing Path for Nasdaq Debut

XRP treasury firm Evernorth Holdings has made significant progress towards becoming a publicly traded company after the US Securities and Exchange Commission (SEC) declared a registration statement effective.

The approval allows Armada Acquisition Corp. II to move forward with a shareholder vote on the proposed merger, which would combine the two companies under the ticker symbol XRPN on the Nasdaq.

Evernorth founder and CEO Asheesh Birla stated that this milestone moves the company closer to completing its proposed business combination.

The company plans to hold and actively manage an XRP treasury while allocating capital to XRP-based infrastructure, providing public-market investors with a regulated, transparent vehicle to gain exposure to the XRP ecosystem.