{"id":76923,"date":"2026-03-19T13:16:31","date_gmt":"2026-03-19T13:16:31","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=76923"},"modified":"2026-03-19T13:16:31","modified_gmt":"2026-03-19T13:16:31","slug":"ripple-backed-evernorth-files-for-nasdaq-ipo-with-1-billion-xrp-treasury","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=76923","title":{"rendered":"Ripple-Backed Evernorth Files For Nasdaq IPO With $1 Billion XRP Treasury"},"content":{"rendered":"<div>\n<p>Evernorth Holdings filed an S-4 registration with the SEC on March 18 to merge with <strong>Armada Acquisition Corp. II<\/strong> <a href=\"https:\/\/www.benzinga.com\/quote\/XRPN\" target=\"_blank\" class=\"ticker-link\" data-ticker=\"XRPN\" data-exchange=\"NASDAQ\" rel=\"noopener\">(NASDAQ:<\/a><a class=\"ticker\" href=\"https:\/\/www.benzinga.com\/quote\/XRPN\">XRPN<\/a>) and become the largest publicly traded <strong>XRP<\/strong> <a href=\"https:\/\/www.benzinga.com\/quote\/XRP-USD\" target=\"_blank\" class=\"ticker-link\" data-ticker=\"XRP\" data-exchange=\"CRYPTO\" rel=\"noopener\">(CRYPTO: <\/a><a class=\"ticker\" href=\"https:\/\/www.benzinga.com\/quote\/xrp\/usd\">XRP<\/a>) treasury company on Nasdaq with over $1 billion in gross proceeds.<\/p>\n<h3 class=\"wp-block-heading\">The $1 Billion XRP Bet<\/h3>\n<p>Evernorth <a href=\"https:\/\/www.sec.gov\/Archives\/edgar\/data\/2092592\/000119312526114155\/d944435ds4.htm\">raised<\/a> over $1 billion in gross proceeds to create what will be the largest public XRP treasury company.\u00a0<\/p>\n<p>Ripple Labs contributed over 126 million XRP tokens in a private placement at a signing price of $2.36609, while Advance Funding Subscribers committed $214.05 million in cash plus 600,000 XRP tokens.<\/p>\n<p>Evernorth already holds 388 million XRP tokens purchased at an average price of $2.44, making it the largest institutional &#8230;<\/p>\n<p><a href=\"https:\/\/www.benzinga.com\/crypto\/cryptocurrency\/26\/03\/51352629\/ripple-backed-evernorth-files-for-nasdaq-ipo?utm_source=benzinga_taxonomy&amp;utm_medium=rss_feed_free&amp;utm_content=taxonomy_rss&amp;utm_campaign=channel\" alt=\"Ripple-Backed\" evernorth files for nasdaq ipo with billion xrp treasury>Full story available on Benzinga.com<\/a><\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Evernorth Holdings filed an S-4 registration with the SEC on March 18 to merge with Armada Acquisition Corp. II (NASDAQ:XRPN) and become the largest publicly traded XRP (CRYPTO: XRP) treasury company on Nasdaq with over $1 billion in gross proceeds. The $1 Billion XRP Bet Evernorth raised over $1 billion in gross proceeds to create [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":0,"footnotes":""},"categories":[2],"tags":[3,4,5],"class_list":["post-76923","post","type-post","status-publish","format-standard","hentry","category-news","tag-crypto","tag-doge","tag-news"],"_links":{"self":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/76923","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=76923"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/76923\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=76923"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=76923"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=76923"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}