Evernorth XRP Treasury Deal Advances After SEC Filing Takes Effect
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The SEC cleared a key regulatory step in Evernorth’s proposed merger, moving the XRP treasury company closer to a Nasdaq listing under the ticker XRPN.
Key facts
Evernorth Holdings Inc. moved closer to its planned Nasdaq listing after the U.S. Securities and Exchange Commission (SEC) declared its Form S-4 effective, the company and Armada Acquisition Corp
The Nasdaq market page currently lists Armada II’s Class A shares under XRPN
The SEC cleared a key regulatory step in Evernorth’s proposed merger, moving the XRP treasury company closer to a Nasdaq listing under the ticker XRPN
Armada II is a Nasdaq-listed SPAC that plans to merge with Evernorth and take the XRP treasury company public
Summary
Shareholders will vote on Evernorth’s proposed merger on Sept. 30. The registration statement becoming effective moves the deal forward but does not mean the SEC approved it. Evernorth plans to list on Nasdaq under XRPN and actively manage XRP. Evernorth Holdings Inc. moved closer to its planned Nasdaq listing after the U.S. Securities and Exchange Commission (SEC) declared its Form S-4 effective, the company and Armada Acquisition Corp. II (Nasdaq: XRPN) announced Aug. 27.