XRPN Starts Trading on Nasdaq
Evernorth (XRP) · Listings & TGEs · October 8, 2026
Evernorth, the largest public pure-play XRP treasury (~473M XRP), expects Nasdaq trading under XRPN to begin October 8, 2026 after its SPAC merger.
Evernorth Holdings is an XRP treasury company backed by Ripple, SBI Group, Pantera Capital, Arrington Capital, Kraken and GSR. Armada Acquisition Corp. II shareholders approved the SPAC business combination with Evernorth on September 30, 2026. The deal and related private placements raised over $1 billion including XRP contributed in kind, with about $300 million in gross cash proceeds. Closing is expected on October 7, 2026, and the combined company's Class A common stock is expected to begin trading on Nasdaq under the ticker XRPN on October 8, 2026. At closing Evernorth expects to hold approximately 473 million XRP, making it the largest publicly traded pure-play XRP treasury company. The listing gives US equity investors regulated XRP exposure, similar to other digital asset treasury (DAT) stocks.