Evernorth advances SPAC merger with Armada, filing S-4 to pursue public Nasdaq debut backed by XRP assets
Evernorth Holdings has filed a Form S-4 registration statement with the U.S. Securities and Exchange Commission as part of a proposed business combination with SPAC Armada Acquisition Corp. II that would take the company public on Nasdaq, according to company filings and media reports [1] [2] [3].
The transaction is centered on Evernorth’s XRP holdings and has been described in coverage as a roughly $1 billion SPAC deal intended to create a publicly traded XRP treasury company; some reports characterize Evernorth as Ripple-linked and aiming to be a major publicly traded XRP treasury firm [4] [1].
Company statements and industry reporting frame the Form S-4 filing as a key regulatory step toward completing the SPAC merger; the filings remain subject to SEC review and other customary closing conditions before any Nasdaq listing can occur [3] [2].
If the merger proceeds and clears regulatory review, the deal would create a Nasdaq-listed vehicle focused on a sizable XRP treasury, but timing and completion depend on the SEC review process and SPAC closing conditions outlined in the filings [1] [3].
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Citations
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- 1XRP News: Ripple-Linked Evernorth Files to Go Public With $1B XRP Treasury PlanCoinGape• Mar 19, 2026
- 2XRP treasury firm Evernorth confirms SEC filing to advance Nasdaq debutcrypto.news• Mar 19, 2026
- 3XRP treasury Evernorth files with SEC to list shares on NasdaqCointelegraph• Mar 19, 2026
- 4Evernorth Targets Nasdaq In $1 billion SPAC Deal Centered on XRP HoldingsMoneyCheck• Mar 19, 2026
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