$XRP Treasury Company Evernorth Takes Step Closer to Nasdaq Listing

XRP is gaining traction on Nasdaq as Evernorth Holdings, a $XRP treasury company, takes another step towards its listing goal. The company has completed an important stage in its journey by having its Form S-4 registration filing with the SEC for a merger with Armada Acquisition Corp. II go into effect.

A shareholder vote on the merger is scheduled for September 30, 2026, and if approved, the resulting company is expected to trade on Nasdaq under the ticker symbol 'XRPN' as an $XRP-focused treasury company.

Evernorth's major investors include Ripple, SBI Group, Pantera Capital, Kraken, GSR, and Arrington Capital, who have collectively secured over $1 billion in gross proceeds and committed capital from investors.