Evernorth, a Ripple-backed XRP treasury firm, has filed an updated registration statement with the SEC as it moves closer to a Nasdaq listing under the ticker XRPN. The filing corrects a clerical error regarding a signature from Ripple Labs Inc.
The Nasdaq listing of Evernorth, a firm closely tied to XRP and Ripple, could provide a new avenue for investors to access the digital asset through traditional equity markets, potentially influencing XRP's market dynamics.
Ripple-backed XRP treasury company Evernorth has taken a step closer to a public market debut with an updated filing to the U.S. Securities and Exchange Commission. The company submitted Amendment No. 7 to its Form S-4 registration statement on August 25, 2026, concerning its proposed combination with Armada Acquisition Corp. II. This move is part of Evernorth's strategy to position itself as a dedicated XRP treasury-focused firm, with plans to trade on the Nasdaq under the ticker symbol "XRPN."
The latest amendment was filed due to a clerical error on the signature page of the original registration statement, which had omitted a signature block for Ripple Labs Inc., the sole member of Pathfinder Digital Assets. The amendment adds this necessary signature and makes related changes, with Evernorth explicitly stating no other transaction terms were altered. The original business combination agreement between the involved entities, including Ripple Labs, was signed on October 19, 2025.
The listing of Evernorth is seen as significant for the digital asset market, offering investors an alternative way to gain exposure to XRP through equity markets. The successful completion of the transaction and subsequent Nasdaq listing are anticipated by the crypto community to potentially boost the price of XRP.
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