Evernorth Holdings Inc. has filed a draft Form S-4 registration statement with the U.S. Securities and Exchange Commission (SEC) on November 13, signaling its intent to merge with Armada Acquisition Corp. II. This move is part of Evernorth's strategy to become a publicly traded company focused on enhancing institutional adoption of XRP and expanding tokenized-finance infrastructure. The company plans to establish the largest institutional XRP reserve and integrate decentralized-finance returns and capital-markets activities into its operations. This merger aims to position Evernorth at the forefront of the evolving financial landscape, leveraging XRP's capabilities to drive growth and innovation in the sector.