Ripple-Backed Evernorth Advances Nasdaq Listing With New SEC Filing

Ripple-backed XRP treasury company Evernorth has moved closer to its planned public listing after submitting another amended registration statement to the U.S. Securities and Exchange Commission (SEC).

Evernorth filed Amendment No. 7 to its Form S-4 registration statement on August 25, 2026. The filing relates to the proposed business combination involving Evernorth Holdings, Pathfinder Digital Assets and Armada Acquisition Corp. II.

The transaction is designed to bring Evernorth to the public markets as a company focused primarily on XRP treasury operations. If the deal is completed as planned, the combined company is expected to list on Nasdaq under the ticker symbol “XRPN,” potentially giving traditional investors another route to gain exposure to XRP through publicly traded shares.

However, the latest Evernorth SEC filing does not change the economic terms or structure of the proposed transaction. According to the registration statement, Amendment No. 7 was required to correct a clerical error involving the document's signature page.

The previous filing inadvertently omitted a signature block for Ripple Labs Inc., which is the sole member of Pathfinder Digital Assets. The new amendment adds the missing signature and makes related adjustments to the registration statement. Evernorth stated that no other changes were made.

The filing also references the business combination agreement involving Armada Acquisition Corp. II, Evernorth Holdings, Pathfinder Digital Assets, SPAC Merger Sub, Company Merger Sub and Ripple Labs. The parties originally entered into the agreement on October 19, 2025.

While the amendment is largely administrative, its submission keeps Evernorth's Nasdaq listing process moving through the regulatory stage.

The proposed Evernorth listing could also be significant for XRP investors. A publicly traded XRP treasury company would provide investors with indirect exposure to the cryptocurrency without requiring them to purchase or custody XRP themselves.

Evernorth must still complete the remaining regulatory and transaction requirements before the business combination can close. If successful, the resulting company could begin trading on Nasdaq as XRPN, adding another institutional investment vehicle linked to XRP.