SEC Approves Evernorth Merger, Paving Way for XRPN Nasdaq Listing

The U.S. Securities and Exchange Commission has given its approval to the merger paperwork filed by Evernorth, a treasury company backed by Ripple. The clearance clears the path for a shareholder vote scheduled for September 30 and a subsequent Nasdaq listing under the ticker symbol XRPN.

Merger Approval and Timeline

The SEC’s clearance removes a regulatory hurdle, allowing Evernorth to move forward with its planned merger with a shell company. Shareholders will vote on the transaction on September 30.

Nasdaq Listing Plans

Upon successful completion of the merger and shareholder approval, the combined entity intends to list on Nasdaq using the ticker XRPN.

Implications for Ripple‑Backed Assets

The development is closely watched by the XRP community, as Evernorth is a treasury vehicle that holds XRP assets. A Nasdaq listing could increase visibility for XRP‑related financial products.