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Nasdaq's excitement about XRP: SEC approves XRP-related matters! details are as follows

2026-08-29 00:51:56
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The rise of Bitcoin and altcoins is injecting vitality into the market, and XRP is also seeing positive developments. In this context, XRP treasury company Evernorth is one step closer to completing its SPAC listing on Nasdaq. This progress marks another important stage for Evernorth on the road to achieving its Nasdaq listing goals.

XRP treasury firm Evernorth Holdings announced that its Form S-4 registration statement filed with the U.S. Securities and Exchange Commission (SEC) regarding a merger with special purpose acquisition firm Armada Acquisition Corp. II has become effective. Shareholders 'vote on the merger with Armada Acquisition Corp. II will be held on September 30, 2026.

XRP is expected to be listed as a treasury company!

This development is a milestone in the merger process and paves the way for Evernorth to achieve its Nasdaq goals.

Currently, if the merger is approved by shareholders and other settlement conditions are met, the combined company is expected to trade on Nasdaq under the ticker symbol "XRPN", becoming a treasury company focused on XRP.

Asheesh Birla, founder and CEO of Evernorth, said: "Today marks a significant milestone in our process of completing the proposed business combination. Our goal is to create a proactively managed XRP treasury with the level of transparency and governance required for open markets. With the registration statement taking effect, we are one step closer to realizing this vision."

Evernorth's major investors include Ripple, SBI Group, Pantera Capital, Kraken, GSR and Arrington Capital. The company said it has received more than $1 billion in total proceeds and committed capital from investors.

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