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XRP News: A $1B Ripple-Backed Company Holding 473 Million XRP Just Filed to Go Public on Nasdaq
Evernorth aims to be Nasdaq’s largest public XRP treasury, managing over $1 billion to enable institutional XRP adoption and provide liquid, transparent exposure, SEC filings show.
- On March 18, 2026, Evernorth Holdings, Inc. filed a registration statement on Form S-4 with the U.S. Securities and Exchange Commission from San Francisco, advancing a proposed business combination with Armada Acquisition Corp. II .
- Evernorth Holdings, Inc. is building an institutional-scale XRP treasury to provide market access, raising over $1 billion from investors including Arrington Capital, Ripple, SBI Holdings, Pantera Capital, and Kraken.
- Michael Arrington, founder of Arrington Capital, said, 'Evernorth continues to emerge as a key gateway for capital markets, underscoring XRP's rising influence in bridging traditional finance and real-time innovation.'
- The filing remains under U.S. Securities and Exchange Commission review and requires Armada II shareholder approval; if completed, Evernorth would list as "XPRN" on The Nasdaq Stock Market LLC, facing risks including legal proceedings and possible classification as a shell company.
- Investors may obtain the Registration and Proxy Statements from the SEC or by request, with Armada II, Evernorth, and their directors deemed solicitation participants, and media inquiries directed to Prosek Partners.
21 Articles
21 Articles
XRP News: A $1B Ripple-Backed Company Holding 473 Million XRP Just Filed to Go Public on Nasdaq
Quick Read Evernorth Holdings filed its S-4 with the SEC on March 18 to go public on Nasdaq under ticker XRPN through a $1 billion SPAC merger backed by Ripple, SBI Holdings, Pantera Capital, and Kraken. Combined with 772 million XRP held across U.S. spot ETFs, roughly 1.25 billion XRP now sits inside institutional vehicles, amounting to about 2% of the 61.2 billion circulating supply. Are you ahead, or behind on retirement? SmartAsset's free…
Evernorth Details XRP Treasury Strategy in S-4 Filing With SEC Targeting Nasdaq
Evernorth is advancing a billion-dollar XRP treasury strategy toward a Nasdaq listing, backed by Ripple and structured to deliver regulated, large-scale institutional exposure to XRP through a public market vehicle. Evernorth S-4 Filing Unleashes XRP Treasury Strategy for Nasdaq Crypto Markets Growing institutional demand for regulated digital asset exposure is driving new public market structures, […]
Evernorth Holdings, a firm backed by executives linked to the Ripple ecosystem, has taken a decisive step in its strategy to become XRP’s largest public treasury in the U.S. market. The company recently submitted a formal request to the U.S. Stock Exchange and Securities Commission (SEC), as part of its plan to invest in Nasdaq through a merger with an already listed SPAC. This movement not only reinforces the institutional narrative around XRP,…
Chris Larsen uses 'nonprofit' to pump for-profit XRP treasury stock
Chris Larsen’s nonprofit, which has received over $190 million in tax-deductible donations, will soon control substantial voting power over for-profit Evernorth, a new XRP treasury stock heading for a Nasdaq listing through blank check company, Armada Acquisition. Buried inside a 1,158-page SEC Form S-4 filed on March 18, regulations force Larsen to reveal exactly how he’s putting his own interests ahead of regular shareholders who might buy sto…
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