XRP Crypto Treasury Firm Evernorth Files S-4 for $1 Billion SPAC Deal

XRP crypto just got its own treasury company heading to Wall Street.Evernorth filed its Form S-4 with the SEC on Wednesday, formalizing a merger with SPAC Armada Acquisition Corp. II. The deal is expected to generate over $1 billion in gross proceeds.The merged entity, Evernorth Holdings Inc., projects holding at least 473 million XRP at launch. Funded through Ripple contributions and open-market purchases using merg…