Crypto company Evernorth announces plans to list on Nasdaq and raise $1 billion

Jinse Finance reported, citing Reuters, that the Ripple-backed cryptocurrency company Evernorth announced it will go public on Nasdaq through a merger with Armada Acquisition Corp II (AACI.O), with plans to raise over $1 billion. The company aims to become the largest XRP liquidity pool and the US-listed company holding the most XRP. The deal is expected to be completed in the first quarter of 2026.