Business
Evernorth Announces Confidential Submission of a Draft Registration Statement on Form S-4 to the SEC
Evernorth Holdings Inc. ("Evernorth"), a newly formed Nevada corporation that will enable XRP adoption on an institutional scale, announced today the confidential submission of a draft registration statement on Form S-4 to the U.S. Securities and Exchange Commission (the "SEC").
About this update from Armada Acquisition Corp. Ii
[{"type":"text","content":"SAN FRANCISCO, Nov. 13, 2025 /PRNewswire/ -- Evernorth Holdings Inc. ("Evernorth"), a newly formed Nevada corporation that will enable XRP adoption on an institutional scale, announced today the confidential submission of a draft registration statement on Form S-4 to the U.S. Securities and Exchange Commission (the "SEC").","length":344,"tagName":"p"},{"type":"image","alt":"Evernorth Holdings Inc (PRNewsfoto/Evernorth Holdings Inc.)","displaySize":"","headline":null,"caption":"Evernorth Holdings Inc (PRNewsfoto/Evernorth Holdings Inc.)","className":"","disableSlideshowImg":false,"size":{"original":{"width":400,"height":52,"url":"https://media.zenfs.com/en/prnewswire.com/bf6a8ef16dea61f208b88a13b876ad32"},"resized":{"url":"https://s.yimg.com/ny/api/res/1.2/nfbe1bd3pHFHtsO3EFgHFg--/YXBwaWQ9aGlnaGxhbmRlcjt3PTcwNTtoPTkyO2NmPXdlYnA-/https://media.zenfs.com/en/prnewswire.com/bf6a8ef16dea61f208b88a13b876ad32","width":400,"height":52}},"href":"https://mma.prnewswire.com/media/2800053/Evernorth_Logo.html","hrefExternal":true,"rel":"nofollow"},{"type":"text","content":"The submission of the draft registration statement marks an important milestone toward the completion of the previously disclosed proposed business combination between Evernorth and Armada Acquisition Corp. II (Nasdaq: XRPN) ("Armada II"), a special purpose acquisition company sponsored by Arrington Capital, which was announced on October 20, 2025.","length":360,"tagName":"p"},{"type":"text","content":""Evernorth's public journey begins with a simple premise: that digital assets will usher in the next generation of institutional finance. The confidential submission of our Form S-4 marks a significant milestone as we move toward becoming a publicly traded company built for institutional adoption of XRP and toward redefining how digital assets integrate with the global financial system," said Asheesh Birla, Chief Executive Officer of Evernorth.","length":462,"tagName":"p"},{"type":"text","content":"The completion of the proposed business combination is expected to close in Q1 2026, subject to customary closing conditions and the approval of Armada II shareholders, and comes on the heels of recent news that the resulting new company has raised over $1 billion in gross proceeds to create the largest public XRP treasury company on Nasd...