Ripple-backed Evernorth files S-4 with US SEC to advance its SPAC merger listing plan

Evernorth, a cryptocurrency startup backed by Ripple, announced on March 19th that it has publicly filed an S-4 registration statement with the U.S. Securities and Exchange Commission (SEC) regarding its previously announced business combination with Armada Acquisition Corp. II, a SPAC sponsored by Arrington Capital. The goal is to become an XRP treasury company listed on Nasdaq. Previously, in October of last year, it was reported that Evernorth planned to list in the U.S. and raise over $1 billion to hoard XRP tokens.