Evernorth Plans Nasdaq Listing Through Merger, Aiming for Largest XRP Holding

Cryptocurrency firm Evernorth, backed by Ripple, is set to list on the Nasdaq through a merger with Armada Acquisition Corp II. The company plans to raise over $1 billion dollars and become the largest holder of XRP funds, while also becoming the first U.S. stock market-listed company with a significant amount of XRP holdings. This merger is anticipated to conclude in early 2026.