ChainCatcher report, according to PRNewswire, Evernorth, a cryptocurrency startup backed by Ripple, has publicly filed a Form S-4 registration statement with the U.S. Securities and Exchange Commission (SEC) regarding its previously announced business combination with Armada Acquisition Corp. II, a SPAC sponsored by Arrington Capital, aiming to become a Nasdaq-listed XRP treasury company. Previously, in October last year, it was reported that Evernorth planned to go public in the U.S. and raise over $1 billion to accumulate XRP tokens.
Ripple-backed Evernorth files S-4 with the SEC for SPAC merger and Nasdaq listing
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Summary
Ripple-backed Evernorth has filed an S-4 with the SEC regarding its SPAC merger with Armada Acquisition Corp. II. Backed by Arrington Capital, the deal will list Evernorth on Nasdaq as an XRP treasury company. This listing announcement follows Evernorth’s October 2025 plan to raise over $1 billion in the U.S. to purchase XRP tokens.
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