News linked to both this project and an event.
Odaily News: XRP treasury company Evernorth plans to list on Nasdaq under the ticker XRPN. Armada Acquisition Corp. II shareholders will vote on the business combination between the two parties on September 30. If approved, it will clear the last major hurdle for Evernorth's public trading. Evernorth intends to actively deploy XRP for yield strategies, infrastructure participation, and capital markets activities. Currently, the company holds approximately 473 million XRP, making it one of the largest identifiable corporate holders. In addition, Evernorth has agreed to refinance $30 million through 4% convertible preferred PIK notes, but the funds can only be accessed upon approval of the business combination.
According to The Block, Evernorth Holdings, an XRP treasury company, announced that its S-4 Registration Statement filed with the U.S. Securities and Exchange Commission (SEC) has officially become effective. The registration covers Evernorth's business combination with SPAC Armada Acquisition Corp. II, after which it is expected to commence trading on Nasdaq under the ticker symbol "XRPN". The S-4 document registers up to 34,499,992 shares of Class A common stock and 11,499,992 warrants. Positioned as a regulated digital asset treasury company, Evernorth focuses on XRP investment exposure and plans to actively deploy capital into XRP infrastructure projects. Its investors include institutional backers such as Ripple, Arrington Capital, SBI Group, Pantera Capital, Kraken, and GSR. The merger is anticipated to close in late Q3 or early Q4 of 2026, pending shareholder approval.