Ripple-backed XRP treasury firm eyes Nasdaq debut with $1B plan

Evernorth Holdings filed a registration statement with the Securities and Exchange Commission (SEC) to make its public debut on Nasdaq, the XRP treasury company announced on March 18. Backed by investors such as Ripple, Kraken, SBI Holdings, Pantera Capital, and Arrington Capital, Evernorth revealed in October that it plans to go public through a merger with a special purpose acquisition company (SPAC) called Armada Acquisition Corp. II (Nasdaq: AACI). Related: XRP jumps back to 4th-largest crypto by mar ...