XRP treasury firm Evernorth moves closer to Nasdaq SPAC listing

Evernorth Holdings, an XRP treasury firm, has seen its S-4 registration statement filed with the U.S. SEC for a merger with special purpose acquisition company Armada Acquisition Corp. II become effective, The Block reported. The development clears the way for the next stage of the merger process and Evernorth’s Nasdaq listing. Once the merger is completed, Evernorth is expected to trade on Nasdaq under the ticker XRPN.