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Evernorth plans Nasdaq listing via merger, backed by Ripple's XRP contribution and $214M institutional funding.

Market News
08 Apr 2026
Blockonomi
View Source
Bullish
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Evernorth filed an amendment to its SEC registration to go public through a merger with Armada Acquisition Corp. II, targeting a Nasdaq listing under ticker XRPN. Ripple Labs contributed 126.79 million XRP tokens to the deal, receiving equity units in return, while institutional investors committed $214 million in cash plus additional XRP tokens. The transaction values public shareholders' equity at about $230 million, offering investors a new way to access XRP exposure through a publicly traded company. This move highlights growing institutional interest in XRP and digital asset investment opportunities.

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Bitcoin stalls near $66K resistance, risks dropping unless key supports hold.

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