Ripple-backed Evernorth moves closer to Nasdaq listing after second S-4 amendment

The filing states Evernorth plans to list under the ticker XRPN and holds more than 473 million XRP valued at about $656 million.

Summary

Ripple-backed Evernorth has advanced toward a Nasdaq listing after filing its second S-4 amendment. According to the filing, the company intends to trade under the ticker XRPN and holds more than 473 million XRP worth approximately $656 million. An S-4 filing with the U.S. Securities and Exchange Commission (U.S. markets regulator) is typically used in securities registrations tied to mergers, exchanges, or corporate restructuring, making the amendment a notable step in the public-listing process.

Terms & Concepts
  • S-4 amendment: An update to a U.S. Securities and Exchange Commission (U.S. markets regulator) registration filing, often used for mergers, securities exchanges, or related corporate transactions.
  • XRP: A digital asset associated with the XRP Ledger (blockchain payment network), commonly used in crypto markets and cross-border payment-related applications.
  • Nasdaq: A major U.S. stock exchange where technology and growth-focused companies commonly seek public listings.