TechFlow News: On March 19, Evernorth—a crypto startup backed by Ripple—publicly filed a Form S-4 registration statement with the U.S. Securities and Exchange Commission (SEC), relating to its proposed business combination and associated transactions with Armada Acquisition Corp. II, a SPAC sponsored by Arrington Capital, with the aim of creating an XRP treasury company listed on the Nasdaq. Earlier, in October 2025, Evernorth disclosed that the transaction is expected to raise over $1 billion to fund the establishment of an XRP treasury strategy.
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