Ripple-Linked Evernorth to Go Public with $1B SPAC, Aiming for Nasdaq Listing

Evernorth, a Ripple-backed digital asset treasury, is set to merge with Armada Acquisition Corp II in a $1 billion SPAC deal. This merger will create the largest publicly traded XRP treasury and is anticipated to list on the Nasdaq by Q1 2026. The move signals growing institutional interest in regulated digital assets, potentially impacting market dynamics and signaling confidence in XRP’s future.