Evernorth’s Ripple-backed XRP treasury plan nears Nasdaq vote

Evernorth’s proposed XRP treasury company has moved closer to a Nasdaq listing after the U.S. Securities and Exchange Commission cleared the paperwork for its merger with a shell company, according to CoinDesk. The transaction is now scheduled for a shareholder vote on Sept. 30. If approved, the company is expected to list under the ticker XRPN. The development places the merger at the final shareholder-approval stage before the planned market debut. Evernorth is backed by Ripple, and its strategy is centered on creating an XRP treasury company. The SEC clearance removes a regulatory filing step, while the upcoming vote remains a condition for the transaction to proceed. Investors will be watching the Sept. 30 decision for confirmation of whether the merger advances to a Nasdaq listing.