Evernorth, supported by Ripple, submitted an S-4 filing to the SEC to advance its SPAC merger listing plan

According to PRNewswire, the crypto startup Evernorth, supported by Ripple, announced that it has publicly submitted an S-4 registration statement to the U.S. Securities and Exchange Commission (SEC) regarding its previously announced business combination with the SPAC company Armada Acquisition Corp. II, sponsored by Arrington Capital, with the goal of becoming an XRP treasury company listed on Nasdaq.

Previously, in October last year, it was reported that Evernorth plans to go public in the U.S. and raise over $1 billion to accumulate XRP tokens.