Evernorth, backed by Ripple, filed an S-4 document with the U.S. Securities and Exchange Commission (SEC) to advance its SPAC merger and listing plan.

CoinFeed reported on March 19th that Evernorth, a Ripple-backed crypto startup, announced it has publicly filed an S-4 registration statement with the U.S. Securities and Exchange Commission (SEC) regarding its previously announced merger with Armada Acquisition Corp. II, a SPAC sponsored by Arrington Capital, aiming to become a Nasdaq-listed XRP treasury company. This follows reports in October of last year that Evernorth planned a U.S. IPO and to raise over $1 billion to accumulate XRP tokens.