SEC Advances Evernorth Nasdaq Listing Plan

Evernorth Holdings Files for Nasdaq Listing to Establish Largest Public XRP Treasury

• Evernorth Holdings, supported by Ripple executives, filed a registration statement with the SEC for a merger with SPAC Armada Acquisition Corp. II.
• The company aims to provide regulated exposure to XRP through treasury management strategies like lending and decentralized finance participation.
• Over $1 billion has been raised from investors such as Ripple, Arrington Capital, SBI Holdings, Pantera Capital, and Kraken.
• SBI Holdings has committed $200 million towards establishing the largest public XRP treasury.
• Evernorth’s shares are expected to trade on Nasdaq under the ticker XPRN by Q1 2026, pending SEC and shareholder approvals.
• The regulatory classification of XRP as a digital commodity has removed uncertainties deterring institutional participation since 2020.

Evernorth Holdings is advancing its plan to become the largest public XRP treasury on Nasdaq with significant backing from major investors and favorable regulatory changes classifying XRP as a digital commodity.