Ripple-supported cryptocurrency company Evernorth plans to go public on Nasdaq and raise $1 billion

ChainCatcher news, supported by Ripple, the cryptocurrency company Evernorth announced that it will go public on Nasdaq through a merger with Armada Acquisition Corp II (AACI.O), expecting to raise over $1 billion. The company plans to become the largest XRP fund and the U.S. publicly listed company holding the most XRP. It is reported that this transaction is expected to be completed in the first quarter of 2026.