XRP Treasury Giant Evernorth Moves Closer to Nasdaq Debut After SEC Milestone
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On August 27 the SEC declared Evernorth's registration statement effective, advancing its proposed merger with SPAC Armada Acquisition Corp. II. The milestone moves the XRP treasury company closer to a Nasdaq listing pending shareholder approval and could boost crypto adoption, institutional credibility and token-related fundraising and market impact.
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Evernorth said on August 27 that the US Securities and Exchange Commission (SEC) had declared its registration statement effective, moving its proposed merger with Armada Acquisition Corp. II closer to completion.
The development puts the XRP treasury company one step closer to a Nasdaq listing, although shareholders still need to approve the deal before it can close.
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