[XRP Treasury Company Evernorth Submits S-4 Filing, Plans to Go Public via SPAC] According to a report by Jinse Finance on March 18, market sources indicate that Evernorth, supported by Ripple, has submitted an S-4 filing, aiming to go public through a SPAC process and become a Nasdaq-listed XRP treasury company. Evernorth is a company focused on driving institutional-scale adoption of XRP. This time, it has submitted an S-4 registration statement to the U.S. Securities and Exchange Commission (SEC), with the core objective of advancing a business merger with Armada Acquisition Corp. II (Nasdaq ticker: XRPN), a special purpose acquisition company under Arrington Capital. This move marks its first formal disclosure to the market of key details regarding its business plan, strategy, financials, management team, and long-term vision, following the secret submission of an S-4 draft in November 2025.