Evernorth, a cryptocurrency startup backed by Ripple, has publicly filed a Form S-4 registration statement with the U.S. SEC regarding its business combination with Armada Acquisition Corp. II, a SPAC sponsored by Arrington Capital, along with related transaction arrangements, aiming to create a Nasdaq-listed XRP treasury company. Previously, in October 2025, Evernorth disclosed that the transaction is expected to raise over $1 billion to establish an XRP treasury strategy.
Ripple-backed Evernorth files S-4 with the SEC for Nasdaq listing
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Summary
Ripple-backed Evernorth filed an S-4 with the U.S. SEC as part of its merger with Armada Acquisition Corp. II, a SPAC backed by Arrington Capital. The transaction, which is covered under SEC news, is expected to lead to a Nasdaq listing announcement. The business combination aims to establish a publicly traded XRP treasury company. In October 2025, Evernorth stated that the transaction could raise over $1 billion to fund XRP treasury strategies.
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