According to BSCN, Evernorth, the Ripple-backed XRP treasury firm, filed a second amendment to its Form S-4 with the SEC on May 4, advancing its planned Nasdaq debut under ticker XRPN. The company plans to go public through a merger with Armada Acquisition Corp II. Evernorth currently holds over 473 million XRP, valued at approximately $656 million. The filing marks the latest step in the company’s path to becoming the largest public institutional holder of XRP globally, pending final SEC clearance and shareholder approval.
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