Evernorth Holdings has filed an amended Form S-4 with the SEC, advancing its plans for a Nasdaq listing through a merger with Armada Acquisition Corp II. The filing, submitted on April 7, includes the nomination of Ripple's Stuart Alderoty to the board, enhancing the company's expertise in crypto regulation and institutional XRP adoption. The merger aims to establish the largest public XRP treasury under the ticker "XRPN." The business combination with Armada Acquisition Corp II, sponsored by Arrington Capital, has raised over $1 billion in gross proceeds. Evernorth's listing on Nasdaq is contingent upon regulatory approval and Armada shareholder consent. The filing also includes updates related to Pathfinder Digital Assets LLC agreements and consent from Deloitte & Touche and Brownstein Hyatt Farber Schreck. Evernorth's XRP treasury strategy is backed by investors such as SBI Holdings, Pantera Capital, and Kraken, with Ripple contributing over 126 million XRP. CEO Asheesh Birla emphasized the company's focus on ecosystem exposure rather than price tracking, aligning with recent U.S. regulatory classifications of XRP as a non-security digital commodity.