Evernorth has submitted an S-4 merger application with SPAC Armada Acquisition to the U.S. Securities and Exchange Commission (SEC). According to NS3.AI, this step is part of Evernorth's strategy to secure a Nasdaq listing and raise over $1 billion for an XRP reserve. If the merger is successful, Evernorth will trade on Nasdaq under the ticker symbol XRPN. The company is strategically supported by Ripple.