SEC Clears Evernorth Filing for XRP Treasury Merger Vote

Evernorth Holdings has cleared a significant regulatory hurdle in its path to becoming a publicly traded company focused on the cryptocurrency XRP. On August 27, 2026, the U.S. Securities and Exchange Commission declared the company's Form S4 registration statement effective, allowing it to proceed with a shareholder vote on its planned merger with the special purpose acquisition company Armada Acquisition Corp. II. The declaration is a procedural step that enables Armada to distribute definitive proxy materials and schedule a vote. Armada shareholders of record as of August 20 will vote on the business combination at a virtual special meeting on September 30, 2026.