Evernorth Moves Toward Nasdaq Listing as XRPN After S-4 Goes Effective
- —SEC declared Evernorth's Form S-4 for the Armada merger effective
- —Armada shareholders will vote on the deal on September 30, 2026
- —The combined company is expected to trade on Nasdaq as XRPN
- —Evernorth raised $30 million via 4% convertible notes due 2031
Why it matters: A public XRP treasury company would give institutions a regulated vehicle for exposure to the XRP ecosystem.
Source: The Crypto Times