Ripple-backed crypto firm Evernorth plans to raise $1 billion on Nasdaq

Odaily Planet Daily reports that Evernorth, a cryptocurrency company backed by Ripple, has announced that it will list on the Nasdaq through a merger with Armada Acquisition Corp II (AACI.O), with the company expected to raise over $1 billion. The company plans to become the largest XRP pool and the largest US-listed company holding XRP. The transaction is expected to close in the first quarter of 2026. (Techstartups)