Evernorth Files SEC Registration for Nasdaq Listing as Largest Publicly Traded XRP Treasury Firm

Evernorth has taken a significant step towards listing on Nasdaq by filing an S-4 registration form with the Securities and Exchange Commission (SEC). The company's merger with Armada Acquisition Corp. II, sponsored by Arrington Capital, will allow it to trade under the ticker XPRN, subject to shareholder approval and regulatory review.

The incorporation of Evernorth in Nevada was designed to provide institutional investors with exposure to XRP through a public corporate structure. Its business model focuses on managing the token within a disciplined treasury framework, aiming to combine capital markets discipline with the financial infrastructure built on the XRP blockchain.